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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