Dairy price down, dollar down

The GlobalDairyTrade price index fell 4.2% in yesterday’s auction, the eight fall in a row.

gdt4.6.14

 

 

 

 

That’s a reflection on increased supply of milk here and overseas.

gdt4614

 

 

 

 

 

 

 

 

 

It’s not a reason for panic.

Fonterra’s opening forecast for this season of $7 is the fourth highest.

The value of our dollar declined after the announcement which might be of comfort for those who think it’s too high.

That’s all of the opposition, most of whom are at best not very enthusiastic about dairying.

A conspiracy theorist might think their antipathy to dairying is, at least unconsciously, linked to their desire to erode the value of everyone’s earnings by devaluing our currency.

 

 

 

 

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: