GDT Auction in Minus - Butter prices fell sharply

GDT Auction of 4 June 2019 at -3.4% - Butter Prices Have Melted Much The 2-week auction of the Global Dairy Trade under the leadership of the New Zealand Dairy Fonterra delivered after months of positive results now the seasonally usual price reduction of - 3.4% for pre-auction. The result 14 days ago was already in the slightly negative range. One reason could...