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 […]
International milk prices rose while volumes dropped at GDT
The GDT Price Index was up 4.6%, with an average selling price of $2,957 per metric ton. The index rose 2.7% at the previous auction held on Sept. 5, with an average selling price of $2,888, according to GDT Events. A total of 37,366 tons of dairy products were sold at the latest auction, down […]
GDT bounce, but gains seen fragile on weak fundamentals
Global dairy prices rebounded in Wednesday’s auction, but a sustained recovery in rates that have tumbled by a third over the past year is not on the cards due to abundant supply and reduced buying by top importer China, analysts said. The Global Dairy Trade price index, which is underpinned by prices from the auction […]
Market fundamentals to remain mostly supportive of dairy prices
Market fundamentals through the coming quarters are expected to remain mostly supportive of prices. Despite the profound challenges posed by the tangle of ground and sea logistics affecting most major supply chains, it is difficult to see any major disruption in the supply & demand landscape that could upset these settings through the remainder of […]
Market fundamentals to remain mostly supportive of dairy prices
Market fundamentals through the coming quarters are expected to remain mostly supportive of prices. Despite the profound challenges posed by the tangle of ground and sea logistics affecting most major supply chains, it is difficult to see any major disruption in the supply & demand landscape that could upset these settings through the remainder of […]