Global Dairy Prices Surge: WMP Hits Highest Since April 2022
In the latest Global Dairy Trade (GDT) auction, global dairy prices experienced a significant upswing, with the overall price index rising by 4.6% to an average of US$4,516 per metric tonne. This marks the most substantial increase in recent months, driven by robust demand and constrained supply. Whole Milk Powder (WMP), a key export product […]
Global dairy price index moved up by 1.4% at GDT
Prices are up in the latest Global Dairy Trade auction, held overnight, with a 1.4% increase across the board. It is the second auction of the calendar year and follows a 1.4% fall from the previous event two weeks ago. Good news for farmers as whole milk powder — which has the biggest impact on Fonterra’s farmgate milk […]
Milk Procurement Price Cut in Karnataka Amid Global Dairy Market Fluctuations
The reduction in milk procurement prices by Raichur, Bellary & Koppal Districts Cooperative Milk Producers’ Societies Union Ltd (RBKMUL) is expected to impact farmers’ profits. The price cut, which lowers the procurement rate by ₹1.50 per liter, was made due to fluctuations in global skimmed milk powder and butter prices. Other milk unions across Karnataka […]
Positive GDT result an early Christmas present for farmers
Farmers will be feeling a little more festive this morning, as the latest Global Dairy Trade auction, held overnight, rose 2.3 per cent across the board. It’s the second consecutive positive result, with the index gaining 1.6 per cent on December 6, after a flat November 22 auction. On the up was whole milk powder, which climbed 2.9 per […]
Global Dairy Trade Event concluded with the Price Index up 2.7%
Dairy prices have risen in the Global Dairy Trade auction for the first time in four months. The average price increased 2.7 percent to US$2888 per tonne after hitting a near five-year low at the last auction in August. The all-important whole milk powder price – which affects the payout for local farmers – rose 5.3 percent to US$2702 […]
Dairy prices unchanged, volumes drop at auction – GDT events
International milk prices were unchanged while volumes fell on Tuesday in the second Global Dairy Trade (GDT) auction of the month. The GDT Price Index remained flat, with an average selling price of $3,479 per tonne. The index fell 0.9% at the previous auction held on June 6, with an average selling price of $3,399, […]
GDT price index posts second increase in a row
The Global Dairy Trade (GDT) price index has reported its second increase in a row following the latest trading event. As a result of trade event 331 held today (Tuesday, May 2), the price index rose by 2.5%. This follows an increase of 3.2% after the previous auction on April 18 , which marked the […]
Inflation to consumer is income to the farmers : Jayen Mehta
How does the milk prices move from here onwards was being asked to Jayen Mehta MD Amul by CNBC TV 18. His answer was straight . he told this time to be a tight rope walk for all the dairy players. https://youtu.be/f1aZH-alhSU He further added that Amul has increased milk prices 6 times in last […]
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 […]