GDT down for 6th auction in row

The GolabalDairyPrice Index fell 1.8% in this morning’s auction, the sixth drop in a row.

 

gdt21.5.14

 

 

 

 

gdt21.5

 

2 Responses to GDT down for 6th auction in row

  1. Neil says:

    At times you remind me of a new investor on the sharemarket Ele reacting to every move of the market.
    I assume there are market cyclical patterns, possibly down at the moment. There will be ups of course !!
    I hope you sleep well at night !!!!!!

  2. homepaddock says:

    Neil – I usually do a post after each auction as a record of what happened, not as a cause for celebration or despair.

    Although this is the sixth drop in a row, it was a small one and the price is still well above the long-term average.

    When we’ve had a record payout this season it is sensible to budget on a lower one for next season.

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