First Oct GDT Auction down 3.5%

  1. GDT Auction in Oct. 2022: -3.5%

The first October 2022 auction of the Global Dairy Trade (GDT) caused a price drop of -3.5% on average after a brief surge in the two previous auctions. Plain butter and whole milk powder delivered the decisive downward swings. The increased auction volume of around 31,000 t, which is quite usual for the season, also...