GDT up 6.6% WMP up 9.9%

This morning’s auction resulted in a very welcome 6.6% increase in the GlobalDairyTrade price index.

GdT.3816

Whole milk powder, which largely determines the milk payout increased 9.9%.

G.dt3.816

gdt3816

One auction isn’t enough to say the worst is over, but it’s a sign that falling production is beginning to influence the price.

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