Global dairy prices goes down by 1.5%
Global Dairy Trade Event 326 concluded with the GDT Price Index down 1.5% and average price closed at USD 3414 per Metric ton. A total trade of 30693 MT of dairy commodities was carried out during this event. The price of various commodities are as follows : AMF index down 2.6%, average price US$5,447/MT Butter index up 3.8%,…
Low Chinese demand, more products factor into global dairy prices tumble
Global dairy prices have resumed their losing streak in the global dairy auction overnight. The average price at the fortnightly sale fell 3.5 percent to US$3911 ($NZ6830) a tonne, after rising 2 percent in the previous auction. Prices have generally been falling since hitting a record high in March. “A significant lack of demand arriving…
Low Chinese demand, more products factor into global dairy prices tumble
Global dairy prices have resumed their losing streak in the global dairy auction overnight. The average price at the fortnightly sale fell 3.5 percent to US$3911 ($NZ6830) a tonne, after rising 2 percent in the previous auction. Prices have generally been falling since hitting a record high in March. “A significant lack of demand arriving…
Global dairy auction plummets 8.5% as buyers baulk at high prices
Dairy prices plummeted at the fastest rate in seven years at the latest global auction, as buyers appear to have baulked at record high prices. The Global Dairy Trade price index dropped 8.5% to 1379 at the bimonthly auction overnight. That’s the biggest fall since August 4, 2015, when the index shed 9.3%. The drop…
Expected dairy sales growth rate at 9.1% from FY18 to FY24 : Crisil
This is the first channel dedicated to dairy-related news from India and abroad. It will cover top seven dairy news from last seven days. The news will be aired on every Sunday. The channel will have expert interviews, market and technical analysis and a lot more sections very soon. You may share in comments about…
Dairy prices drop, volumes rise at auction SMP prices crashed by 4.2%
International milk prices fell while volumes rose in this month’s second Global Dairy Trade auction held by GDT Events. The GDT Price Index fell 3.6%, with an average selling price of $4,855 per tonne, in the auction held on Tuesday. The index fell 1% at the previous sale, according to GDT Events. A total of 22,179 tonnes was sold…
Global dairy prices rise 5.1 percent to record high after April 2013
The previous price record for global dairy products was set in April 2013. The average price at the fortnightly global dairy auction rose 5.1 percent to US$5065 a tonne, after rising 4.2 percent in the previous auction. The Global Dairy Trade price index hit 1593, breaking the previous record of 1573 in April 2013. The…
Global dairy prices move further up by 4.1% since mid January at GDT
Dairy prices continued their march higher at the latest Global Dairy Trade auction, the GDT price index jumping 4.1 per cent from the last auction in mid-January. The price of whole milk powder – which has the biggest influence over Fonterra’s farmgate milk price – gained 5.8 per cent to US$4324 a tonne, revisiting levels…
Global dairy prices move further up by 4.1% since mid January at GDT
Dairy prices continued their march higher at the latest Global Dairy Trade auction, the GDT price index jumping 4.1 per cent from the last auction in mid-January. The price of whole milk powder – which has the biggest influence over Fonterra’s farmgate milk price – gained 5.8 per cent to US$4324 a tonne, revisiting levels…
Global dairy prices are at 8-year high as supply tightens
Dairy prices jumped 4.6 per cent at the global auction overnight to hit an eight-year-high, as tight milk supply stokes demand for New Zealand’s biggest export commodity. The Global Dairy Trade price index rose to 1397, its highest level since March 2014. The average price for whole milk powder, which has the most impact on…