Dairy dominoes: How China’s increased dairy self-sufficiency is reshaping global trade
China’s growing self-sufficiency in dairy production is having a profound influence on global dairy trade. As China produces more dairy products domestically, New Zealand must seek alternative markets for its whole milk powder exports, leading to greater global dairy export competition and below-average milk powder prices. China’s increased dairy production ripples around the globe China’s […]
Global Dairy Trade Event 352 concluded with the GDT Price Index down 2.8%
Global Dairy Price index dropped by 2.8% in today’s Global Dairy trade event. The index has reached to a level of USD 3497/MT. This is a second consecutive drop in the index since last month. One of the major reason behind this drop is the sluggish global demand . From Indian market perspective it is […]
Global dairy trade event moved slightly up by 0.5%
Global dairy price index moved up slightly. AMF and Cheddar were the front runner in pushing the index upwards. AMF has finally reached at par with Butter prices. Butter demand remained sluggish. Cheddar also took a big leap to close at USD 4143/MT.SMP has not yet reached a significant level to become attractive for Indian […]
GDT: Increase in SMP and Butter global prices raise hopes in India
Good news for farmers in the latest Global Dairy Trade auction, held overnight, with a 4.2 per cent increase across the board. This is the third positive event of the 2024 calendar year, with the index kicking off the new year with a 1.2 per cent bump on January 3 and 2.3 per cent at the last event […]
Things are looking up in global dairy trade
Whole milk powder prices are on the up since November. However, a weaker than expected Chinese economy and lower milk production are potential roadblocks for a decent farmgate milk price. Fonterra’s revised forecast Farmgate Milk Price midpoint for the 2023/24 season is $7.50/kgMS, with a new forecast range of $7-$8/kgMS. There’s also some relief for […]
Things are looking up in global dairy trade
Whole milk powder prices are on the up since November. However, a weaker than expected Chinese economy and lower milk production are potential roadblocks for a decent farmgate milk price. Fonterra’s revised forecast Farmgate Milk Price midpoint for the 2023/24 season is $7.50/kgMS, with a new forecast range of $7-$8/kgMS. There’s also some relief for […]
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 […]
Diwali se Diwali tak – Where did the dairy commodities money go?
Diwali was observed on November 12th this year, a shift from its date in 2022 on October 24th. Over the past 384 days, the dairy industry has experienced a roller coaster of events. This year witnessed a positive trend with continuous milk availability throughout. During the summer of 2023, the utilization of dairy commodities reached […]
WORLD DAIRY NEWS GDT Price Index: takes a step down at the latest event
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 […]
GDT: Dairy prices rise for the fourth time in a row
Prices have risen for the fourth time in a row in the latest Global Dairy Trade auction, held overnight, with a 4.3 per cent increase across the board. It follows similar lifts of 4.4 per cent on October 3 and 4.6 per cent on September 19, as well as a 2.7 per cent increase on […]
