GDT auction with slight setback

  1. GDT Auction in Jun. 2022: -1.3%

The second June 2022 auction of Global Dairy Trade (GDT) had to give up the average increase of the previous auction. Whole milk powder and butterfat noticeably compensated for skimmed milk powder and normal butter. The auction quantities remain seasonally low. Whole milk powder (roughly 50% auction...