The Global Dairy Trade (GDT) index, an indicator of market sentiment dropped on 7 March for the second time in as many auctions, falling by 6.3%. The fall takes the index to its lowest point since October 2016, paying an average price of USD3,512/tonne (£2,881/t). See also: Tailored trade deal with EU ‘only viable option’ for dairy The two largest traded commodities on the market, whole milk powder (WMP) and skimmed milk powder (SMP) experienced the two largest falls, tumbling 12.4% […]
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