Analysts at ANZ explained that the latest GDT auction saw prices for most dairy products ease, with the GDT-TWI falling 1.3% and whole milk powder prices dipping 1.1% to US$3,205/tonne.
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“However, the message is really one of prices holding in similar ranges seen since mid-February. But there are certainly plenty of things to watch, not least the fact that agriculture is now being thrown into the trade dispute spotlight, with Mexico announcing retaliatory tariffs on US cheese imports (among other things) overnight.”
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