Global Dairy Auction Update March 2019

Saturday, 23 March 2019 at 5:57pm

Global dairy auction update March 2019

Another positive results as dairy product prices rose at the Global Dairy Trade auction for the eighth consecutive time. This was a great result given that the current dry weather conditions are weighing on supply in New Zealand.

The GDT price index gained 1.9 per cent from the previous auction two weeks ago. The average price was US$3,324 a tonne, compared with US$3,309 a tonne two weeks ago.

Some 21,713 tonnes of product was sold, down from 23,930 tonnes two weeks ago.

Whole milk powder climbed 4 per cent to US$3,317 a tonne.

Read more in this press release on Newsroom https://www.newsroom.co.nz/2019/03/20/497547/dairy-product-prices-gain-as-supply-is-set-to-ease#

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