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.

A total volume of 32582 MT was sold during this auction. Milk fat in Butter and Anhydrous milk fat showed highest increase of 6.6% and 4.8% respectively. There was no variation in skimmed milk powder but Whole milk powder increased by 3.8% over the previous fortnight rates.

Event Results Global Dairy Trade Event 325 concluded with the GDT Price Index up 3.2% Key Results AMF index up 4.8%, average price US$5,586/MT Butter index up 6.6%, average price US$4,745/MT BMP index up 2.0%, average price US$2,633/MT Ched index up 2.3%, average price US$4,980/MT LAC index not available, average price not available SMP index unchanged, average price US$2,829/MT SWP not offered WMP index up 3.8%, average price US$3,329/MT

This trend is likely to continue and depends upon the pace at which normalcy would return in Chinese market.