The Global Dairy Trade (GDT) posted a marginal decline of 0.4% at this week’s auction in New Zealand.

The benchmark dairy index recorded its second negative result for August, as declines in the price of whole milk powder (WMP), butter and anhydrous milk fat dragged performance.

With more than 32,250t of product offered for sale this week, the GDT is entering its busiest period of the year in terms of sales volumes.