GDT dairy price index slightly moved down by 0.4%
The Global Dairy Trade (GDT) event held on September 3, 2024, showcased a mixed performance across various dairy products, reflecting the ongoing volatility in global dairy markets. The GDT index experienced a minor decline of 0.4%, marking a slight dip after three consecutive increases in previous sessions. Key products like whole milk powder (WMP) saw…
Global Dairy trade showed slight recovery but SMP at 18 week’s lowest level
Global Dairy Trade Event 361 concluded with the GDT Price Index up 0.5% Key Results of major commodities Global dairy trade index has shown slight recovery . Lactose, and Mozzarella cheese led the upward movement of the index followed by other products except SMP. GDT index of Skimmed milk powder plummeted to the lowest level since 19th March…
Global Dairy Price Index Moved up slightly at GDT event
The Global Dairy Index is up slightly. Tuesday’s trading session saw the price index go up four-tenths of a percent with an average price of $3,837 per metric ton. Cheddar cheese, anhydrous milk fat, and butter prices were up, while Lactose, Mozzarella cheese, skim milk powder and whole milk powder prices went down. There were…
Analysts look for omens as GDT plummets
July, August falls widely expected to follow steep drop of July 2. Global Dairy Trade prices are widely expected to fall during July and August following the 6.9% drop in the GDT price index in the July 2 auction, dairy industry analysts say. A further 5% fall in whole milk powder prices, which is likely to…
Reimagining Dairying in Maharashtra: A Call for Sustainable Solutions
As per Sh Dashrath Mane CMD Sonai dairy, today the Maharashtra State government has given orders to dairies in Maharashtra for the implementation of ₹5/L milk subsidy to farmers directly subjected to the mandatory condition of base rate of ₹30/L to be paid by dairies. Dairies were paying ₹27.00/L to the farmer earlier which shall…
GDT price index records first decline since March 2024
The Global Dairy Trade (GDT) price index has recorded its first decline since March 2024, falling by 0.5% at the latest trading event held today (Tuesday, June 18). The price index now stands at 1,157, having decreased from 1,162 recorded at the previous GDT trading event on June 4. The drop comes after five consecutive increases….
Modest increase in GDT price index after latest auction
The average Global Dairy Trade (GDT) price index rose by 1.7% according to latest auction results published today (Tuesday, June 4). There were a total of 164 bidders in the event which saw 17,637MTof product sold. The GDT Price Index now stands at 1,162 today – compared to the previous index figure on May 21 of 1,143. The…
Global Dairy Price index increased by 3.3% at GDT event
Dairy prices have recorded their biggest jump in three months. The average price at the overnight auction rose 3.3 percent to US$3861 a tonne, following the 1.8 percent rise a fortnight ago. The price of wholemilk powder, which strongly influenced the payouts for local farmers, rose 2.9 percent to US$3408 a tonne. SMP also reached…
GDT dairy price index moves up by 1.8% Cheddar leads the growth rally
After going backwards in March, the Global Dairy Trade market has recovered its momentum, with the 2024 New Zealand dairy season likely to end on a high note. In the latest auction, whole milk powder rose 2.4% and cheddar 6%, contributing to the GDT index rise of 1.8%. Anhydrous milk fat prices are now the…
Global dairy Price index almost unchanged
Global Dairy Trade Event 354 concluded with the GDT Price Index up 0.1% with average global price index touching USD 3590/MT. Key Results remains as follows : AMF index up 1.7%, average price US$7,062/MT (Rs 580/Kgs) Butter index down 1.4%, average price US$6,546/MT (Rs 535/Kgs/MT) BMP index not available, average price not available Ched index down 8.5%, average…