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World 03.01.2024

Global DairyTrade Events: GDT index rises 1.2%

Source: The DairyNews
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Global Dairy Trade Starts the New Year on a Positive Note with Third Consecutive Index Rise.
Global DairyTrade Events: GDT index rises 1.2%
In the first trading session of the new year, the Global Dairy Trade index recorded a 1.2% increase, marking the third consecutive rise in the index. The average price reached $3,363 per metric ton, indicating positive momentum in the dairy market.

Key Highlights:

  • Whole milk powder values experienced a notable 2.5% rise, reaching $3,290 per metric ton or $1.49 per pound.
  • Butter prices increased by 2.1%, reaching $5,514 per metric ton or $2.50 per pound.
  • Anhydrous milk fat saw a modest 0.2% increase, reaching $5,595 per metric ton or $2.53 per pound.
  • Mozzarella cheese held steady at $3,960 per metric ton or $1.79 per pound.
  • Butter milk powder witnessed a marginal 0.1% decrease, settling at $2,384 per metric ton or $1.08 per pound.
  • Skim milk powder prices experienced a 0.9% decline, reaching $2,613 per metric ton or $1.18 per pound.
  • Cheddar cheese prices recorded a 2.4% decrease, reaching $4,165 per metric ton or $1.88 per pound.
  • Lactose prices showed a notable 5% decline, reaching $753 per metric ton or $0.34 per pound.

A total of 115 winning bidders participated in twenty rounds of trading, purchasing 26,206 metric tons of dairy products. This positive start to the year reflects continued stability and potential growth in the global dairy market.

Event 348 Tuesday 16th January 12:00 UTC.
GDT Events Results » GlobalDairyTrade - Google Chrome_prod.jpg
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