Positive turn for Dairy industry following latest GDT update

Positive turn for Dairy industry following latest GDT update

The latest Global Dairy Trade Event has concluded with a 4.2% increase on the Global Dairy Trade (GDT) Price Index, a positive turn for the general dairy industry in Aotearoa.

Dairy Analyst Stu Davison elaborates on the event's details, highlighting some of the most significant price adjustments.

"Really important to note that 10% plus movement for butter which is about the fourth consecutive strong move for butter," he says.

"Just an absolutely strong move for New Zealand Dairy as a whole."

Butter, as mentioned by Davison, was the biggest mover in this event, up 10.3% while Butter Milk Powder (BMP) had the smallest adjustment, up just 1.2%.

Cheddar (Ched) also saw a significant increase of 6.3%, alongside Skim Milk Powder (SMP), up 4.6%, Whole Milk Powder (WMP), up 3.4% and Anhydrous Milk Fat (AMF) up 3.3%.

Davison explains this positive trend is partly due to the consistent demand from the Middle East, outstripping average volumes, and shipping disruptions that have highlighted New Zealand's reliability as a supplier. 

He also notes, "Oceania's dairy prices have now surpassed those of Europe," signalling New Zealand's strong position in the international market. 

Overall, the podcast paints a vivid picture of success and challenge: the dairy industry's triumph in the face of global economic hurdles and the sports documentary scene grappling with its own formula for sustained viewer engagement. 

Listen to the full chat between Stu Davison and Dominic George above.

To check out more episodes listen to the REX Podcast anytime on your favourite streaming platforms including Spotify, Apple Music and Rova or tune in to REX Mornings live on Magic from 5 am to 6 am every weekday.

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