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 […]
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 rise, volumes fall at auction- GDT events
International milk prices rose, while volumes fell in this month’s first Global Dairy Trade auction held by GDT Events. The GDT Price Index gained 4.9%, with an average selling price of $4,007 per tonne, in the auction held on Tuesday. The index fell 2.9% at the previous sale, according to GDT Events. Global Dairy Trade […]
Global dairy price index down by 5%-7th decline in 5 months
Global Dairy Trade Event 313 on Aug 2nd 2022 concluded with the GDT Price Index down 5.0% Global dairy price index plummeted again by 5% on 2nd Aug 2022 at Global dairy trade event. This is a seventh consecutive fortnightly drop in price index since 1st March 2022 except for a slight increase by 1.5% […]
Global dairy prices in ‘holding pattern’ as index slips 1.3% overnight
Global Dairy Trade prices fell 1.3% overnight, a result Westpac says was weaker than expected. The Global Dairy Trade index is a bimonthly auction which connects buyers and sellers of dairy from around the world and helps determine a fair market price. Westpac senior agri-economist Nathan Penny said, despite the fall, prices remained very high. […]
Dairy prices, volumes drop at Global Dairy Trade auction
International milk prices and volumes fell in this month’s first Global Dairy Trade auction held by GDT Events, reported Reuters. The GDT Price Index fell 1%, with an average selling price of $4,981 per tonne, in the auction held on Tuesday. The index fell 0.9% at the previous sale, according to GDT Events. A total […]
Dairy prices, volumes drop at Global Dairy Trade auction
International milk prices and volumes fell in this month’s first Global Dairy Trade auction held by GDT Events, reported Reuters. The GDT Price Index fell 1%, with an average selling price of $4,981 per tonne, in the auction held on Tuesday. The index fell 0.9% at the previous sale, according to GDT Events. A total […]
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 Trade acquired by Fonterra, NXZ and EEX
The Global Dairy Trade, an auction platform that facilitates the trading of dairy derivatives, has been acquired through an equal partnership between New Zealand-based dairy co-op Fonterra, New Zealand’s Exchange (NZX) and the European Energy Exchange (EEX). Each party will take equal ownership of the platform and the partnership is expected to be completed by the middle of the year should […]
I skate to where the puck is going to be, not where it has been.
Is Indian dairy exports dependent on subsidy or global market prices ? This week the global dairy prices have touched a new high in almost a decade. The GDT ( Global Dairy Trade) Index at 1516 today is slightly short of last high of 1573 in April 2013. India is seeing a great shortage of […]