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Global dairy Price index almost unchanged

GDT price index 16th April 2024

Global Dairy Trade Event 354 concluded with the GDT Price Index up 0.1% with average global price index touching USD 3590/MT. Key Results remains as follows : AMF index up 1.7%, average price US$7,062/MT (Rs 580/Kgs) Butter index down 1.4%, average price US$6,546/MT (Rs 535/Kgs/MT) BMP index not available, average price not available Ched index down 8.5%, average […]

Global Dairy Price Index up by 2.8% on April 2nd 24  

0202424_GDT index moves up by 2.8% dairynews7x7

Global Dairy Trade Event 353 concluded with the GDT Price Index up 2.8%. This rise has occurred after two consecutive drops. While there has been an uptick in the GDT price index, it remains insufficient to address the substantial stockpiles of SMP in India. Presently, SMP prices in India hover around Rs 220-270 per kg, […]

GLOBAL DAIRY TRADE INDEX FALLS 2.3%

GLOBAL DAIRY TRADE INDEX FALLS 2.3% - Dairy News 7X7

The Global Dairy Index fell 2.3% in Tuesday’s trading session. Prices for Cheddar cheese, buttermilk powder, lactose, and anhydrous milk fat rose while prices for skim and whole milk powder, butter, and Mozzarella cheese went down. Lactose prices rose 4.8% to $818 per metric ton or $0.37 per pound. Cheddar cheese was up 4% to […]

Positive GDT result an early Christmas present for farmers

Positive GDT result an early Christmas present for farmers - Dairy News 7X7

Farmers will be feeling a little more festive this morning, as the latest Global Dairy Trade auction, held overnight, rose 2.3 per cent across the board. It’s the second consecutive positive result, with the index gaining 1.6 per cent on December 6, after a flat November 22 auction. On the up was whole milk powder, which climbed 2.9 per […]

WORLD DAIRY NEWS GDT Price Index: takes a step down at the latest event

WORLD DAIRY NEWS GDT Price Index: takes a step down at the latest event - Dairy News 7X7

The GDT Price Index took a step down at the latest Global Dairy Trade Event. After four consecutive sessions of growth since September the index has softened by 0.7%. The average price reported at the latest event (7 November 2023) was $3,255. This had been recovering for the previous four consecutive periods, reversing the previous […]

World milk market analysis and its impact on UK dairy market

World milk market analysis and its impact on UK dairy market - Dairy News 7X7

The latest official Defra milk price for August is 36.22ppl at 4.17% fat and 3.37% protein, or 35.4p on a standard 4% fat, 3.3% protein standard litre Milk prices have continued to fall in October and November, with 10 processors reducing in October and another seven for November. Of those only Saputo has cut for […]

Global Dairy Trade auction: Third rise in a row lifts farmers’ spirits

Global Dairy Trade auction: Third rise in a row lifts farmers’ spirits - Dairy News 7X7

Global Dairy Trade Event 341 concluded with the GDT Price Index up 4.4% Prices have risen yet again in the latest Global Dairy Trade auction held overnight, with a 4.4 per cent lift across the board – which will be well-received on farms across New Zealand as the season nears its peak. It is the third significant increase in a […]

Welcome lift in global dairy prices, we’re not out of the woods yet

Welcome lift in global dairy prices, we’re not out of the woods yet - Dairy News 7X7

Whole milk powder prices gained 4.6% at the latest global auction but are 25% below the same time last year. The price of whole milk powder, which has the most impact on farmgate milk prices, gained for a second global auction, a welcome relief for many dairy farmers who will be struggling to break even […]

International milk prices rose while volumes dropped at GDT

International milk prices rose while volumes dropped at GDT - Dairy News 7X7

The GDT Price Index was up 4.6%, with an average selling price of $2,957 per metric ton. The index rose 2.7% at the previous auction held on Sept. 5, with an average selling price of $2,888, according to GDT Events. A total of 37,366 tons of dairy products were sold at the latest auction, down […]

Global Dairy Trade Event concluded with the Price Index up 2.7%

Global Dairy Trade Event concluded with the Price Index up 2.7% - Dairy News 7X7

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 […]