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GDT prices pick up towards season’s end

After going backwards in March, the Global Dairy Trade market has recovered its momentum, with the 2024 New Zealand dairy season likely to end on a high note.

In the latest auction, whole milk powder rose 2.4% and cheddar 6%, contributing to the GDT index rise of 1.8%.

Anhydrous milk fat prices are now the highest in the 15-year history of the GDT, reaching $US7124/tonne.

They have increased by 60% over the past year.

Hugh Stringleman

May 8, 2024



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