The second Global Dairy Trade (GDT) auction of the new season saw a slight drop in dairy prices.

Would price declines at last week’s Global Dairy Trade auction have been bigger had there not been a downside risk to future NZ production from Mycoplasma bovis and the plan to eradicate it, wonders BNZ senior economist Doug Steel.

The new season’s first Global Dairy Trade (GDT) event saw prices dip slightly.

Whole milk powder (WMP) price rose slightly in the overnight Global Dairy Trade (GDT) auction.

A fortnightly online wool auction modelled on the Global Dairy Trade (GDT) will go live for the first trading event on May 22.

Whole milk powder prices were softer at last week’s GDT auction, taking the average price down 1.5% to US$3231/t and the overall price index down 1.1%, says Rabobank dairy analyst Emma Higgins.  

The second to last Global Dairy Trade (GDT) event for the 2017-18 production season saw the auction’s price index down 1.1%.

Global dairy prices rose slightly in the overnight Global Dairy Trade (GDT) auction.

Whole milk powder saw a small lift of 1.6% to US$3278/tonne at last week’s GDT auction despite the small decline in overall prices of 1.6%, says Emma Higgins, from RaboResearch.  

Global dairy prices eased slightly overnight, however whole milk powder price rose 1.6%.