Global Dairy price index showing stagnancy
The Global Dairy Trade (GDT) Event 366, held on October 15, 2024, saw mixed outcomes across dairy products. While the index hardly plummeted by 0.3% with Global dairy price index at UsD 3852/MT.. Whole Milk Powder (WMP) prices remained relatively stable with only slight fluctuations, reflecting consistent demand. However, other categories, such as Lactose and […]
GDT dairy index rise again by 1.2% increase and WMP up 3%
Prices have risen again in the latest Global Dairy Trade auction, held overnight, with a 1.2% increase across the board. This follows a 0.8% increase from two weeks ago. Whole milk powder – which has the biggest impact on Fonterra’s farmgate milk price – recorded a solid 3% lift, to an average of US$3559/MT. Skim milk powder – Fonterra’s […]
GDT price index records first decline since March 2024
The Global Dairy Trade (GDT) price index has recorded its first decline since March 2024, falling by 0.5% at the latest trading event held today (Tuesday, June 18). The price index now stands at 1,157, having decreased from 1,162 recorded at the previous GDT trading event on June 4. The drop comes after five consecutive increases. […]
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 […]
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 […]
Welcome lift in global dairy prices, we’re not out of the woods yet
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 […]
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 […]
Fonterra to increase offer quantities on Global Dairy Trade (GDT)
Fonterra announced today in a press statement that, as of now, the Fonterra Co-operative Group has increased its offer of quantities for whole milk powder (WMP) and skimmed milk powder (SMP) for the next twelve months. The offering of WMP will increase by 20,000 mt over the coming 12 months, while the SMP offering will […]
Chinese dairy imports pick up
After the devastating year of 2022 for Chinese Dairy imports, all eyes were and continue to be on 2023. Will imports improve? Today, China has published May import data. The single month of May is pretty sound but the YTD May continues to suffer from the bad start of the year. In May we see strong results […]
Global dairy price index tumbles down again by 0.9%
Global Dairy Trade Event 333 concluded with the GDT Price Index down 0.9% on June 6th 2023. It has been second consecutive fall by almost the same magnitude of 0.9%. Apart from Cheese which is showing a strong growth no other commodities could impress with prices. Key Results AMF index up 1.8%, average price US$4,728/MT Butter index up […]