Don’t forget to follow the trading price index at GDT. It went down 0.4 per cent on the passed tuesday.
The Global Dairy Trade auction saw a fall in the overall price indices of 3 per cent, but dairy industry watchers suggest that might not be a bad thing.
All the commodities at the auction fell in price, except butter milk powder which rose by 9.3 per cent.
The Irish Farmers Association (IFA) National Dairy Committee Chairman Sean O’Leary said the price fall was not necessarily a bad thing, as it might help avoid global dairy prices overheating.
For the second time the prices went up at the latest GDT trading event, this time with an average of 3.8 percent. WMP was among the winners with +7.5 percent.
For the first time this year the Global Dairy Trade index went up. The index reached +1.4 percent on 1 March after a four negative price indexes in a row.