Global dairy index increases due to better demand

The price increase in milk products continued in yesterday's global dairy trade on auction. This increases the probability of a higher price for the members of the dairy cooperative Fonterra in Wellington, New Zealand.
The GDT - index yesterday rose 4.5% on an average selling price of $3.519 / to. The prices have risen seven times since August, in the last eight auctions, because the global supply of slowly decreasing but the demand. We can hope the experts on sustainable price development. In particular, buyers from China showed a greater interest in yesterday's auction.
Prices for raw milk and butter are strongly advised in the last two years under pressure as the global supply was too big and at the same time, demand from China fell. Many farmers had to abandon their production during this time, because the financial resources from their. Now seem to supply and demand rebalance.
The largest exporter of dairy products, Fonterra in New Zealand, could soon raise its producer prices, so the analysis by experts.
The GDT auctions are held twice a month, the next will be held on December 6.

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