Biggest fall in two years for dairy export prices | Ryan Bridge TODAY

Biggest fall in two years for dairy export prices | Ryan Bridge TODAY <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":0,"label":"Dairy Prices Fall Significantly","summary":"The video opens with a report on the latest Global Dairy Trade auction, which saw a significant drop in prices."},{"timeSeconds":7,"label":"Largest Drop in Two Years","summary":"The GDT price index experienced its largest fall in two years, down 4.9% overnight. The average winning price was $3,793 per metric ton."},{"timeSeconds":11,"label":"Seasonal Trends and Expectations","summary":"This drop was larger than anticipated, though some expected a decline due to seasonal factors like increased production in the Northern Hemisphere."},{"timeSeconds":48,"label":"Product-Specific Price Changes","summary":"The GDT auction results show varied price changes across different dairy products. Butter and skim milk powder saw significant drops, while butter milk powder and mozzarella increased in price."},{"timeSeconds":126,"label":"US Market Performance","summary":"The video briefly touches on the US markets, showing slight decreases in the Dow Jones, S&P 500, and Nasdaq indices."},{"timeSeconds":145,"label":"Currency Exchange Rates","summary":"New Zealand Dollar (NZD) buy rates are displayed against major currencies, with most showing slight decreases except for the Australian Dollar."},{"timeSeconds":150,"label":"Commodities Market Update","summary":"Oil prices have risen by 5.51%, while gold and silver have fallen. Bitcoin saw a slight increase of 0.07%."},{"timeSeconds":195,"label":"Oil Price Surge","summary":"The oil price increase is attributed to the US Treasury revoking sanctions on Iran, allowing for potential oil sales."}]} <!--/mynz:youtube-chapters-->