Global SMP and Butter prices falls to Rs 225 and Rs 405 per kg
Third consecutive fall in global price index since February 2023 The global dairy price index has fallen again by 2.6% to reach at a level of USD 3361 per Metric Ton. 148 bidders transacted volumes of 26795MT in the auction held on March 21st 2023 at GDT. The key results are as follows : AMF […]
Global dairy price index down by 0.7%. Cheddar prices crashed
Global dairy price index went down by 0.7% at its 327th auction on March 7th 2023. The new average price is USD 3403 per MT.The total traded commodities volumes also contracted to 26747 MT. Cheddar cheese was the major casualty with its prices crashing in double digit. It has been a second consecutive drop in […]
Dairy prices edge up, volumes ease at auction – GDT events
International milk prices edged up but volumes fell in this month’s second Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index was down 0.1%, with an average selling price of $3,393 per tonne. The index lost 2.8% at the previous auction held on Jan. 3, the average selling prices being $3,365 per tonne, […]
Global dairy price Index down by 4.6% in second consecutive session
International milk prices and volumes fell in this month’s second Global Dairy Trade auction held by GDT Events on Oct 18th 2022 The GDT Price Index dropped 4.6%, with an average selling price of $3,723 per tonne. The index lost 3.5% at the previous sale, according to GDT Events. A total of 29,402 tonnes were […]
Prices up across the board in latest Global Dairy Trade auction
The gamble to drop 1000MT of whole milk powder (WMP) out of last night’s Global Dairy Trade auction has paid off for dairy giant Fonterra. Prices across the board rose 2.0 per cent, led by a 3.7 per cent gain in WMP, which averaged US$3733/MT. However, despite the lift, the product is sitting more than […]
Dairy prices fell for a 7th consecutive global auction
The global dairy trade price index dropped 2.9 per cent from the previous auction a fortnight ago. The index is sitting 19 percent higher than at the same time last year after sharp gain earlier this year. The average price for whole-milk-powder, which has the most impact on what farmers are paid, fell 3.8-percent-to-an-average-US$3730 a […]
Decline in global dairy price index at GDT continues for last 90 days now
Global dairy price index declined in sixth consecutive fortnightly session after April 6th . The price of AMF , Butter and SMP have declined from USD 6209 USD 5776 and USD 3367 per MT; to USD 5632, USD 4458 and USD 3126 per MT respectively in last 90 days. Cheddar Cheese and Lactose have declined […]
Global dairy prices moderate after a huge spike of 15% in last fortnight
Global dairy prices moderated at auction on Tuesday night, after a huge lift at the start of March. The Global Dairy Trade price index was down 3.8 per cent, wiping out only a small portion of the 15pc rise at the March 2 auction. The auction results point to increasing volatility in world prices – […]
Global dairy prices moderate after a huge spike of 15% in last fortnight
Global dairy prices moderated at auction on Tuesday night, after a huge lift at the start of March. The Global Dairy Trade price index was down 3.8 per cent, wiping out only a small portion of the 15pc rise at the March 2 auction. The auction results point to increasing volatility in world prices – […]
DAIRY NEWS Global dairy price index jumped up by 3.6% first time after July 7th
Global dairy price index jumped up by 3.6% for the first time after July 7th. Last time it got surged by 8.3%. This price increased happened yesterday at the 268th fortnightly auction event at Global Dairy Trade . Most of the dairy commodities except Lactose and Butter showed an upward trend. Interestingly Skimmed milk powder […]