Money

Surprising Dairy Market Surge: Insights From Latest GDT Auction

"We were pretty bearish coming into this, but we've been very surprised," Davison says.

Stu Davison from High Ground Dairy provides a detailed analysis of the latest Global Dairy Trade (GDT) auction results overnight.

Davison breaks down the remarkable 5.5% spike in overnight prices, with Whole Milk Powder (WMP) seeing a significant rise and Skim Milk Powder (SMP) also up substantially.

He explains why North Asian buyers, particularly from China, played a significant role in this bullish trend and shares his thoughts on whether the surge signifies a lasting trend or is more of a short-term anomaly.

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.

Visit the Rural Exchange Facebook or Instagram page for more information and regular updates from the REX team.