GDT index up 9.4%

The Global Dairy Price Index  increased by 9.4% in this morning’s auction.

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The price of wholemilk powder, which has the biggest influence on the milk payout, increased 19.2%.

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That might not be enough to increase the payout but it will help prevent another drop in it.

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4 Responses to GDT index up 9.4%

  1. Dave Kennedy says:

    It was a pity that Blue River was sold to Chinese interests when we need to broaden our agricultural interests to lessen the impacts of volatile dairy markets: http://www.stuff.co.nz/business/farming/dairy/65681791/foreign-investment-blue-river-dairys-only-option

    Like

  2. Mr E says:

    Perhaps you should have bought it Dave?

    Like

  3. Dave Kennedy says:

    I don’t have the personal wealth to do so, Mr E, but I do think it is a pity that ownership has moved off shore. What is your view?

    Like

  4. Mr E says:

    Currently I am fine with the ownership.

    Like

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