New Zealand: The first decline in dairy product prices in 4 months

Quotations of dairy products on the New Zealand Global Dairy Trade exchange fell for the first time since November 7, 2023. The previous six sessions ended in positive territory. Session of March 5 this year on the Global Dairy Trade stock exchange ended in negative territory for the first time, after 4 months of continuous increases in dairy product prices on the New Zealand stock exchange. This time the value of the general price index decreased by 2.3%. The reduction in the general price index translated into a decline in the prices of exactly half of the dairy product categories offered. The largest reduction was recorded in the case of skimmed milk powder (-5.2%). However, the largest increase occurred in the case of lactose (+4.8%). A clear decline in the sales volume of dairy products At the last GDT session, 21,235 tons of dairy products were sold, which was a result of more than 3,000. ton lower compared to the previous auction. The results of the last GDT session are as ...