A preview of the GDT (GlobalDairyTrade) auction scheduled for 19 March 2019
Recent results have shown continued strength:
Forecasts are for the index to continue higher again today.
Via ASB:
- We expect whole milk powder (WMP) prices to build on recent gains at the GlobalDairyTrade auction overnight Wednesday. WMP prices have lifted by over 20% so far this year. At the current juncture, futures pricing suggests WMP prices will rise by 5%. We are not as bullish as that, but still expect a rise in the vicinity of 2%
