Displaying items by tag: GlobalDairyTrade

The Global Dairy Trade overall price index was up 4.5% overnight.

Global dairy prices have risen in the latest Global Dairy Trade (GDT) auction overnight.

Chinese national holidays could have affected last week’s Global Dairy Trade auction, in which the overall price index was down 3%, say economists.

Global milk production has fallen faster than expected in recent months, with the resulting rally in global dairy markets expected to be sustained into 2017, according to Rabobank.

The GlobalDairyTrade Event 173 concluded with the GDT Price Index down 3% over night.

Fonterra surprised observers last week by announcing an early upgrade of its milk price; the GlobalDairyTrade (GDT) price index lift of just 1.7% was lower than expected, says ASB’s senior rural economist Nathan Penny.

Fonterra’s annual results announcement will increase certainty and security for dairy farmers, in what has been a positive week for the industry, say the Feds.

The Global Dairy Trade Event 172 concluded with the GDT Price Index up 1.7%.

“A super start to spring” is how Rabobank dairy analyst Emma Higgins describes the third consecutive significant rise on the Global Dairy Trade (GDT) event platform.

Global Dairy Trade Event 171 concluded overnight with the GDT price index up 7.7%