Dairy prices lift at first GDT auction of new season

(Image: Getty)

Wed, 05 Jun 2024

Global dairy prices have started the new season on a positive note as upward momentum continues.The Global Dairy Trade (GDT) price index rose 1.7% at the first fortnightly auction of the 2025 dairy season – which began on June 1 - to US$3824 (NZ$6191.7) a metric tonne.It’s the fifth consecutive auction where prices have increased and comes after the country’s major dairy producers issued their forecast prices for the 12 months ahead.Fonterra took a “cautious” approach with its forecast farmgate price of b...

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