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Dairy product prices rose more than expected at the August 2 Global Dairy Trade auction. The GDT index rose 6.6% to an average of US$2,436 per tonne, and whole milk powder jumped 9.9% to US$2,265 per tonne.
Analysts said milk production is slowing globally, with lower EU output and returns.
Slowing global milk output and a strong auction lift dairy prices, which can raise costs for dairy-derived feed and signal firmer milk returns.
businessdesk.co.nzMargreet Dietz2016年8月2日在过去 41 次看涨的贸易事件之后，牛奶(III类) 在 5 个交易日内中位数变动 -0.1%（49% 上涨；中间一半区间为 -1.3% 至 +8.1%），20 个交易日内为 +1.1%。
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 Aug 2 GDT auction jump (index +6.6%, WMP +9.9%) with slowing global milk output signaled tighter supply and lifted global dairy sentiment, supporting US Class III futures.
The 6.6% GDT index jump and 9.9% WMP gain on Aug 2 signaled a global dairy price rebound and slowing supply, lifting sentiment and US Class III futures.
