GDT auction -1% but butter with + 3.8%

  1. GDT auction in Aug. 2021: on average -1% weaker, but butterfats in the clear plus

In the August 1st 2021 auction of Global Dairy Trade (GDT), prices were reduced by an average of -1%. The price decline has been continuing since mid-March 2021. The fallen prices for whole milk powder were the decisive factor once again. In...