Robbie Turner spoke with The DairyNews about the recent growth of the GDT. Here’s a snippet:
DN: How do you assess the growth of prices on stock exchange Global Dairy Trade?
R.T.: In my view, Tuesday’s GDT exceeded expectations, and caught many by surprise. While the expectation was for another strong event – as indicated by the NZX futures – I don’t think many in the market anticipated WMP being so strong, or butter for that matter. SMP was closer to where the market was expecting the auction to settle.