Cereals, dairy prices push FAO food price index up in May
Global food commodity prices rose for a third consecutive month in May due to increases in the prices of cereals and dairy products. The FAO Food Price Index, which tracks monthly changes in the international prices of a set of globally-traded food commodities, rose 0.9% in May compared to the previous month, reaching 120.4 points. The index […]
GDT dairy price index moves up by 1.8% Cheddar leads the growth rally
After going backwards in March, the Global Dairy Trade market has recovered its momentum, with the 2024 New Zealand dairy season likely to end on a high note. In the latest auction, whole milk powder rose 2.4% and cheddar 6%, contributing to the GDT index rise of 1.8%. Anhydrous milk fat prices are now the […]
GLOBAL DAIRY TRADE INDEX UP TO START NEW YEAR
The Global Dairy Trade index rose 1.2% in the first trading session of the new year Tuesday. It’s the third straight trading event with a rise in the index. The average price was $3,363 dollars per metric ton. Whole milk powder values rose 2.5% to $3,290 per metric ton or $1.49 per pound. Butter was […]