Dairy prices fall at GlobalDairyTrade auction

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The latest GlobalDairyTrade (GDT) auction ended with a drop in the dairy prices.

    Prices fell 2.9%, to USD 2190 per metric tonne. At the previous auction a fortnight ago, prices rose 1.4% to an average of USD 2253 a tonne, putting an end to four consecutive falls.

    Whole milk prices (New Zealand’s major export) fell 0.8% to USD 1971.
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