GDT up 14.8%

The GlobalDairyTrade price index had a very welcome 14.8% increase in this morning’s auction.

gdt19815

GdT19.815

GdT19.8.15

This is just one auction, and one for which Fonterra offered less stock.

But it provides a psychological boost and confirms that prices that go down can also go up again.

 

2 Responses to GDT up 14.8%

  1. Gravedodger says:

    Some critical analysis of the effect of the quantity of product withheld could add to rational debate here but those who might have such ability probably can’t be bothered and those who will offer opinions have little of value to contribute, alas.

    Like

  2. Will Dwan says:

    Is it held back or being directed elsewhere? I heard a rumour that Russia is an option now. Why should we care about NATO trade bans, given those nations intransigence on ag trade.

    Like

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