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The Global Dairy Trade index fell 5% at the latest auction, its largest one-auction drop in 15 months. Analysts blamed international trade concerns, and whole milk powder fell 7.3% to $2,905 per tonne.
Trade uncertainty weighed on global dairy demand and lowered forward contract prices for milk powder. Lower milk powder prices reduce farmgate milk returns in exporting regions.
farmersweekly.co.nzHugh Stringleman2018年7月5日在过去 49 次看跌的贸易事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.3%（39% 上涨；中间一半区间为 -4.7% 至 +1.5%），20 个交易日内为 -0.4%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
The 5% GDT drop (reported around July 3-5) with weak whole milk powder signaled softer global demand and weighed on US dairy sentiment.
The largest one-auction GDT drop in 15 months on trade worries signaled weaker global demand and price direction, weighing on US dairy futures.
Analysts attributed the GDT decline to trade concerns, reinforcing bearish sentiment in dairy markets.
