Global Dairy trade showed slight recovery but SMP at 18 week's lowest level
Global Dairy Trade Event 361 concluded with the GDT Price Index up 0.5%
Key Results of major commodities
Global dairy trade index has shown slight recovery . Lactose, and Mozzarella cheese led the upward movement of the index followed by other products except SMP. GDT index of Skimmed milk powder plummeted to the lowest level since 19th March 2024. Average winning price is $3,680 (USD/MT). The traded quantity showed a good jump this time indicating some movement in the market after a sluggish period due to holidays in the developed world.
The prices of all commodities are as follows
AMF index up 1.2%, average price US$6,912/MT (€6,303/MT)
Butter index down 2.4%, average price US$6,489/MT (€5,917/MT)
BMP index up 3.4%, average price US$2,756/MT (€2,513/MT)
Ched index up 1.3%, average price US$4,275/MT (€3,898/MT)
LAC index up 16.1%, average price US$928/MT (€846/MT)
MOZZ index up 8.4%, average price US$4,580/MT (€4,177/MT)
SMP index down 2.7%, average price US$2,539/MT (€2,315/MT)
WMP index up 2.4%, average price US$3,259/MT (€2,972/MT)
