GDT Falters October 27, 2015 12:00 am The run of price increases on the Global Dairy Trade (GDT) auction has come to an end. At the latest sale on the 20th October the index price was down by 3.1%. This comes after four auctions that saw a cumulative rise of over 50% in values. A pause in the market is perhaps no surprise as traders digest the rapid ups and downs of the past few months. There is uncertainty over future supply; whilst New Zealand production is sharply lower, output is still high in the US and EU. Some analysts believe that China will re-enter the market as a major buyer shortly, although, as ever, Chinese intentions are a mystery. Overall, the market is finely balanced and could just as easily see prices slump back as carry-on their recovery.
