2 Aug GDT auction down 7.4%

  1. GDT Auction in Aug. 2023: -7.4%

The second Aug 2023 auction of the Global Dairy Trade (GDT) continued the seasonally typical price weakness with an average of -7.4%. The big loser was once again whole milk powder. The auction volume has increased to 33,580 tons. In New Zealand the milk season is in its infancy; the peak is expected in October....