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Oversupply leads to significant drop in GDT

AnalysisBy our team of market reportersPublished: Yesterday 11:00 AM CET

The first GDT auction of July resulted in a significant decrease for most offered dairy products and for the auction index as a whole. It decreased by 51 points, with the average price falling by 4.1%. The main cause appears to be the nearly 70% larger supply (+10,000 tons) of products.

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