I'm finally catching up on the latest GDT auction analysis since I only got to my computer today to read the feedback from analysts and traders. However, it seems that globally nothing crucial was missed—there's a mass vacation season in the EU, and analysts from Oceania are also sparse in comments.

Last week, at the invitation of Alexander Anton and the European Dairy Association, I took part in the annual hashtag#EDA Dairy Policy Conference hashtag#NextGenEUDairy.

Dairy imports to China remain low, and what happens in China has a big impact on global milk and dairy prices.

TheFutureIsDairy - This was the slogan of the European Dairy Association's (EDA) Annual Convention held in Brussels last week. The conference gathered a large number of top dairy specialists and managers, the main panel was represented by the CEOs and COOs of Lactalis, FrieslandCampina, Arla Foods, Tetra Pak, and other ‘big fish’.