Global Dairy Trade Event 346 Ends with 2.3% Increase in GDT Price Index

The Global Dairy Trade Event 346 recently concluded, reporting a 2.3% increase in the GDT Price Index. The event showcased various dairy products, and Fonterra shared new dairy price quotes, indicating fluctuations in different product categories.


Here are the highlights from Fonterra's dairy price quotes:

AMF (Anhydrous Milk Fat) Index: Up 0.2%, with an average price of US$5,578/MT (€5,109/MT).
Butter Index: Up 9.9%, with an average price of US$5,458/MT (€4,999/MT).
Cheddar Index: Up 6.9%, with an average price of US$4,265/MT (€3,906/MT).
LAC (Lactose) Index: Unchanged, with an average price of US$796/MT (€729/MT).
MOZZ (Mozzarella) Index: Down 1.1%, with an average price of US$3,960/MT (€3,627/MT).
SMP (Skim Milk Powder) Index: Down 1.3%, with an average price of US$2,620/MT (€2,400/MT).
WMP (Whole Milk Powder) Index: Up 2.9%, with an average price of US$3,207/MT (€2,937/MT).

The data provides insights into the current market conditions for various dairy products, reflecting changes in pricing trends. The next event, Event 347, is scheduled for January 2nd at 12:00 UTC, offering further updates on the global dairy trade.