Dairy industry holds its breath on global auction results

A further price plummet in the GlobalDairyTrade (GDT) auction tomorrow morning has the capacity to force marginal producers out of the market and slow down New Zealand’s milk production growth.

A fortnight ago, the auction recorded an 8.4% fall in dairy prices, following an almost 9% drop the previous fortnight.

Compared to this time last year, global dairy prices are down 37%. 

 

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