Displaying items by tag: GDT

The latest GlobalDairyTrade (GDT) auction has resulted in little change in the price index.

Last night’s Global Dairy Trade (GDT) auction was disappointing relative to market predictions, says Westpac senior market strategist Imre Speizer.

The Global Dairy Trade (GDT) auction overnight saw the price index drop 1.6%.

Butter prices last week burst through the US$6000/tonne mark for the first time in GDT Event history, hitting US$6004/t for the tenth time this year.

Global Dairy Trade (GDT) star performer, butter enjoyed another strong jump in prices overnight.

Although last week’s GDT price index eased 0.4%, the dairy auction was generally positive, especially the 2.6% lift for whole milk powder (WMP), says ANZ rural economist Con Williams.

Westpac analyst Michael Gordon says dairy prices may fall slightly over the year as global production bounces back from last year’s depressed levels.

Price signals for New Zealand farmers all point to healthy margins for dairy producers despite the slight drop in the GDT Event price index of 0.8% last week, says Rabobank dairy analyst Emma Higgins.

Rabobank dairy analyst Emma Higgins says the overnight dairy auction delivered good and bad news.

A new Global Dairy Trade Marketplace platform launched a year ago has attracted registered sellers from Europe, USA, Asia and Oceania.