GDT auction: previous price increase stopped at -0.7%.

  1. GDT auction in November 2023: -0.7%

The first November 2023 auction of Global Dairy Trade (GDT) has temporarily interrupted the price rise of the previous auctions with an average of -0.7%. The decisive factor was the price cuts for whole milk powder due to the more than 50% auction share. The declining demand from China was the decisive factor. At 34,514...