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GDT auction: Dairy prices bounce back, up by 5.5 percent

Author
Newstalk ZB,
Publish Date
Thu, 22 Aug 2024, 8:10pm
Photo / Getty Images
Photo / Getty Images

GDT auction: Dairy prices bounce back, up by 5.5 percent

Author
Newstalk ZB,
Publish Date
Thu, 22 Aug 2024, 8:10pm

Prices have bounced back in the latest Global Dairy Trade auction - with an impressive 5.5 percent increase across the board.

The sixth event of the new dairy season, it is the largest percentage lift since March 2021, and a far cry from the the beginning of July when prices plunged 6.9 percent.

The Country's Jamie Mackay explains what this means for the primary sector.

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