Dairy prices take a breather
While the key whole milk powder prices dipped 2.7%, five other products on Global Dairy Trade (GDT) auction recorded price rises. Lactose prices spiked over 19%, while skim milk powder, cheddar, anhydrous milk fat and butter milk powder prices all rose between 2% and 4%. Butter was the other product to post a price fall […]
Global Dairy Trade Event concluded with the Price Index up 2.7%
Dairy prices have risen in the Global Dairy Trade auction for the first time in four months. The average price increased 2.7 percent to US$2888 per tonne after hitting a near five-year low at the last auction in August. The all-important whole milk powder price – which affects the payout for local farmers – rose 5.3 percent to US$2702 […]
India’s potential dairy fat demand creates uncertainty
According to multiple market sources, India is currently running short of butter and clarified butter (ghee/anhydrous milk fat (AMF)). In a meeting last week, the Indian government announced it was considering whether to import ghee and AMF, or butter. If the government decides to come into the market, then the dairy fat market may find […]
Decline in global dairy price index at GDT continues for last 90 days now
Global dairy price index declined in sixth consecutive fortnightly session after April 6th . The price of AMF , Butter and SMP have declined from USD 6209 USD 5776 and USD 3367 per MT; to USD 5632, USD 4458 and USD 3126 per MT respectively in last 90 days. Cheddar Cheese and Lactose have declined […]
