GDT – 1.1%

The GlobalDairyTrade price index dropped again in this morning’s auction.

gdt31214

gdt3.12.14

The 1.1% drop in the price index isn’t much but the 7.1% drop in the price of whole milk powder, the country’s single biggest export and the product on which the milk payout is largely based, is more significant.

Several commentators are predicting Fonterra to announce another drop in the forecast payout.

One Response to GDT – 1.1%

  1. Mr E says:

    Not good news.
    I think it is now inevitable that the milk price will have a 4 at the front.

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