Small decline in GDT Price Index

Published 4 September 19

Despite the reduced purchasing power of Chinese buyers, and higher product availability, the GDT Price Index fell by only 0.4% in the latest trading event.

GDT Events graph

The price of whole milk powder, which makes up about half of the product sold, fell 0.8%. The effect of this however was reduced by the 0.7% increase in prices for skimmed milk powder.

This is the third consecutive decrease in the price index, a typical situation as we move towards the southern hemisphere peak.

 

 

 

Jennie Tanner