“It's another step in the right direction in what is going to be a long road to price recovery for dairy" – ASB's Nathan Penny.
ASB rural economist Nathan Penny talks about this morning's GDT auction on NBR Radio and on demand on
Jason Walls Wed, 02 Sep 2015
Another double-digit jump in milk prices at the GlobalDairytrade (GDT) auction this morning has sparked optimism for farmers.
The 12.1% price rise in whole milk powder is the second strong result in a row at the auction after dairy prices rebounded 15% last month.
“It’s another step in the
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