Traded volumes were back around one-seventh on the last GDT event, when high volumes were moved.
ADVERTISEMENT
Global Dairy Trade (GDT) event in New Zealand event saw the average price slip 1.5% on the last event held two weeks earlier, but not all dairy commodities reflect a downward trend.
The overall drop was driven by a 2% decrease in the value of whole milk powder traded and a 2.6% fall in anhydrous milk fat prices.
Butter rose 3.8% - the largest proportional change in value of any commodity traded - while cheddar also managed to move against an overall negative dairy trend to rise 1.5%.
ADVERTISEMENT
The last event two weeks ago also saw a strong rise in butter, when its value increased 6.6%.
Traded volumes were back around one-seventh on the last GDT event, when high volumes were moved.
The indexed trade is back around 43% on this time last year, which was the first time since 2013 that the GDT index exceeded 1,500.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Global Dairy Trade (GDT) event in New Zealand event saw the average price slip 1.5% on the last event held two weeks earlier, but not all dairy commodities reflect a downward trend.
The overall drop was driven by a 2% decrease in the value of whole milk powder traded and a 2.6% fall in anhydrous milk fat prices.
Butter rose 3.8% - the largest proportional change in value of any commodity traded - while cheddar also managed to move against an overall negative dairy trend to rise 1.5%.
The last event two weeks ago also saw a strong rise in butter, when its value increased 6.6%.
Traded volumes were back around one-seventh on the last GDT event, when high volumes were moved.
The indexed trade is back around 43% on this time last year, which was the first time since 2013 that the GDT index exceeded 1,500.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS