GDT continues to fall back

Published 17 November 15

The overall price index at today’s Global Dairy Trade (GDT) auction fell by 7.9%, its third consecutive decrease. These recent price drops are starting to erode the strong rises seen between August and October.

Lower NZ milk production forecasts should have helped support GDT prices over the last few weeks and global milk production is starting to slow. However, heavy global stock levels are making any real recovery slow to get off the ground. Therefore a sustained recovery in GDT prices could still be a way off. 

GDT graph 17Nov15