Dairy prices rose, volumes fell at auction – GDT Surprises
International milk prices rose while volumes fell at this month’s Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index was up 3.2%, with an average selling price of $3,362 per tonne. The index was down 4.7% at the previous auction held on April 4, with an average selling price of $3,227, according to […]
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 […]
Global dairy prices improves at GDT auction on Feb 7th
The global dairy index as shown a 3.2% increase since the last event. The average dairy price has reached to USD 3456 per MT on Feb7th 2023. The prices with % change for various commodities is being shown as below. Global dairy trade event 325 results Feb 07 2023 A total volume of 32582 MT […]
Prices fall at global dairy auction
Dairy prices have started the year on a sour note, with prices falling at the global dairy auction overnight The average price dipped 2.8 percent to US$3365 a tonne, this follows a 3.8 percent fall at the previous auction late last year. The price of wholemilk powder, which is the ingredient Fonterra sells the most […]
Global Dairy Trade index up slightly at an average of 3610 USD per MT
The latest Global Dairy Trade (GDT) event has concluded with the GDT price index up 0.6%. The average price was $3,610/MT with 29,570MT of product sold at today’s (Tuesday, December 6) event. There were 118 winning bidders, out of a total of 156 participating bidders at the event, across 17 bidding rounds lasting two hours […]
Dairy prices, volumes rise at second November auction- GDT events
International milk prices and volumes rose in this month’s second Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index rose 2.4% from the auction on Nov. 1, with an average selling price of $3,623 per tonne. The index lost 3.9% at the previous sale, according to GDT Events that holds the auctions. A […]
Further downward pressure on global dairy prices
Prices have plummeted in the latest Global Dairy Trade auction, held overnight, with a 3.9 per cent decline across the board. It is the third significant drop in a row, with the index falling 4.6 per cent on October 18 and 3.5 per cent on October 4. Whole milk powder, which peaked in March at […]
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 […]
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 […]