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DAIRY PRICES | DAIRY PRICES ROSE, VOLUMES FELL AT AUCTION

  • Writer: ZISK
    ZISK
  • Apr 20, 2023
  • 1 min read

International milk prices rose while volumes fell at this month's Global Dairy Trade (GDT) auction on Tuesday.



The GDT Price Index was up 3.2%, with an average selling price of $3,362 per tonne. The index was down 4.7% at the previous auction held on April 4, with an average selling price of $3,227, according to GDT Events.


A total of 22,713 tonnes of dairy products were sold at the latest auction, down about 4.7% from the previous sale, the auction platform said on its website.


The auction results could affect the New Zealand dollar as the dairy sector generates more than 7% of the nation’s gross domestic product.


Cloe Desirée Juarez


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