We were in England a month ago and read the result of Fonterra’s GlobalDairyTrade auction on-line on Tuesday night.
The following morning we were on a Dutch dairy farm and our host showed us a farming paper which had the GDT auction on its front page.
That day the trade weighted index had gone up, last night it went down again by 5.9%.
That takes it back below the long-term average:
The price of anhydrous milk fat dropped 10.4 %; buttermilk and cheddar were down .7%; lactose dropped 3.8%; milk protein concentrate was down 3.6%; rennet casein dropped 4.5%; skim milk powder dropped 9.8%; whole milk powder was down by 4.1%.
Homepaddock 