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Dairy prices stage biggest jump since 2016 at GDT auction

Dairy prices stage biggest jump since 2016 at GDT

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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[8 July, NZ Herald]

In its greatest increase since November 2016, the Global Dairy Trade (GDT) price index rose 8.3% on July 8th, supported by a 14% increase in Whole Milk Powder prices. This result is now the fourth increase in a row for the GDT. NZX Dairy Analyst Amy Castleton has commented that these increases were strongest for the near-dated contracts, indicating a strong short-term demand. 

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