The Global Dairy Trade (GDT), an indicator of dairy market sentiment, reversed falls at the previous two auctions, rising 0.6%. The auction closed on an average price of US$3,517/t (£2,843), 46.7% up on the same auction 12 months ago but 29.5% down on the highs of mid-January 2014. See also: Under a month left to submit milk reduction claim Whole milk powder (WMP), the most widely traded commodity at the auction, recovered from a major 7.7% fall two weeks ago, dropping […]
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