Global Dairy Trade (GDT) Auction Results: Auction results directly influence GDT0.F, reflecting overall dairy commodity price trends.

Supply and Demand: Global milk production, inventory levels, and consumer demand significantly impact dairy prices, subsequently affecting GDT0.F.

Economic Conditions: Global economic growth, inflation rates, and currency exchange rates impact purchasing power and trade flows, influencing dairy prices.

Geopolitical Events: Trade wars, political instability, and international relations can disrupt supply chains and alter dairy prices.

Weather Conditions: Extreme weather events can impact milk production in key dairy regions, affecting supply and prices.

Government Policies: Subsidies, trade barriers, and regulations in dairy-producing and consuming countries can impact price levels.

Currency Fluctuations: Changes in the value of the New Zealand dollar (NZD) against other currencies influence the competitiveness of New Zealand dairy products.

Interest Rates: Interest rate changes can affect borrowing costs for dairy farmers and processors, impacting supply and prices.

Consumer Preferences: Shifting consumer tastes and dietary trends can alter demand for different dairy products, impacting prices.

Seasonality: Milk production varies seasonally, with peak production typically occurring in the spring, affecting supply and prices.

Animal Feed Costs: Rising costs of animal feed can increase the cost of milk production, potentially impacting dairy prices.

Storage Costs: Costs associated with storing dairy products can impact supply management and influence price levels.

Competition: Competition among dairy exporters and importers affects market share and price negotiations.

Disease Outbreaks: Disease outbreaks in livestock can disrupt milk production and impact dairy prices.

Technological Advancements: Technological advancements in dairy farming and processing can improve efficiency and affect production costs.