Global Dairy Trade Rebounds: Demand Remains Strong
Source: dairynews.today
Recent Global Dairy Trade event 378 showcased a 1.6% increase in the GDT price index, reflecting optimism in the international dairy market.
The recently held Global Dairy Trade event 378 reported a notable increase in the GDT price index by 1.6% compared to the previous auction, signaling growing confidence in the international dairy sector. The average price per ton rose to USD 4,385, indicating enhanced valuation of the products offered.
Lactose recorded the highest individual product sub-index increase, by a significant 22%, with a price of €1,210/mt. Mozzarella increased by 5.4% to €4,187/mt, while whole milk powder (WMP) rose 2.8% to €3,666/mt. Increases were also observed for anhydrous milk fat and butter, which rose by 2.1% and 1.5% respectively, with prices at €6,011/mt and €6,750/mt. Conversely, skim milk powder and cheddar saw decreases of 2.3% and 1.8%, priced at €2,457/mt and €4,327/mt.
During the session lasting 2 hours and 33 minutes, 18 bidding rounds took place with 181 registered participants, 115 of whom emerged as winners. A total volume of 16,718 tonnes was sold, nearly touching the minimum available supply of 16,066 tonnes, highlighting a tightly balanced sale relative to the supply.
Experts advise caution against possible pressure from increased seasonal supply from Oceania in the upcoming weeks.
Lactose recorded the highest individual product sub-index increase, by a significant 22%, with a price of €1,210/mt. Mozzarella increased by 5.4% to €4,187/mt, while whole milk powder (WMP) rose 2.8% to €3,666/mt. Increases were also observed for anhydrous milk fat and butter, which rose by 2.1% and 1.5% respectively, with prices at €6,011/mt and €6,750/mt. Conversely, skim milk powder and cheddar saw decreases of 2.3% and 1.8%, priced at €2,457/mt and €4,327/mt.
During the session lasting 2 hours and 33 minutes, 18 bidding rounds took place with 181 registered participants, 115 of whom emerged as winners. A total volume of 16,718 tonnes was sold, nearly touching the minimum available supply of 16,066 tonnes, highlighting a tightly balanced sale relative to the supply.
Experts advise caution against possible pressure from increased seasonal supply from Oceania in the upcoming weeks.
