GDT: The cure for high prices….

GDT: The cure for high prices….

There was a bit more of interest in the detail of this event, with the index slipping just 0.7% for the 3rd dip in 4 events as high prices corrected. The hammering for fat prices was overdue and expected with a higher volume offered at this event. SMP lifted by...
GDT: The cure for high prices….

Another quiet GDT

The GDT index slipped just 0.1% as this event saw little change but AMF being the worst affected by pushback against high prices. SMP slipped by US$2/t to average US$3,365/t, with the biggest fall in C5 and an US$80/t lift in C6. The Fonterra MH C2 product posted a...
GDT: The cure for high prices….

GDT fizzles

After a few weeks of not much happening in global dairy markets, we came back from the festival of chocolate to a GDT event where not much happened. The overall GDT index edged up 0.3% at event 281. SMP inched higher by 0.5% or US$17/t to average US$3,367/t, with the...
GDT: The cure for high prices….

GDT rally ends

WMP and butter prices corrected at this week’s event, pulling the index 3.8% lower. Both posted moderate falls while other results were generally positive. The inevitable correction in WMP prices came as the major seller announced last week it was adding 3,500t of...
GDT: The cure for high prices….

GDT stuns with a 15% gain

The GDT index posted one of its strongest surges ever, lifting 15% as WMP and butterfat prices soared on strong Chinese demand. Nothing in the published market fundamentals data helps explain this one. Buyers in China were short and came to GDT to solve a problem,...
GDT: The cure for high prices….

GDT #278: WMP pushes higher

The GDT index posted a 3% gain, with rises in average prices across commodities that took the average price 21% higher than the start of this rally in November. WMP prices were the standout at this event and lifted for the 7th consecutive event with a solid 3% gain,...