Tuesday, November 4, 2014

Dairy prices fell in New Zealand

The New Zealand Global Dairy Trade (GDT) index fell to -0.3%. The GDT index is a leading indicator of the trade balance with other countries as rising export prices would increase export income. It is derived from the weighted-average sampling of 9 dairy products and compared to the previous sampling.

The GDT a fortnight ago was 1.3%.

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