Dairy prices lift 4.6% in overnight GDT auction

Dairy buyers are returning to the market. (Image: Getty)

Wed, 20 Sep 2023

Dairy prices continued to fare better in the overnight Global Dairy Trade auction, with the GDT price index up 4.6% helped by a 4.6% lift in whole milk powder prices to US$2,799 (NZ$4,717) a metric tonne.“The recent plunge in prices and concerns about dairy production, as we head into El Nino weather conditions, have seen buyers return to the market,” BNZ senior markets strategist, Jason Wong, said.According to ANZ Bank, prices are still relatively low but are finding support despite more products being offered on the...

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