Episode 94 - Dairy, GDT and Geopolitics
A volatile start to 2026 has put global dairy markets back in the spotlight, with a sharp lift in the latest GlobalDairyTrade auction offering some early-year optimism for farmers.
In this episode, Anne Lee speaks with Stu Davison from HighGround Dairy to unpack what’s behind the 6.3% rebound in the GDT index after a prolonged run of declines. Stu explains how aggressive buying from the Middle East, shifting oil prices and heightened geopolitical tension have combined to drive short-term support across powders and milk fats, despite global milk supply continuing to run hot.
Host:
Anne…
The skinny
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