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

World 20.12.2023
Source: The DairyNews
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The Global Dairy Trade Event 346 recently concluded, reporting a 2.3% increase in the GDT Price Index.
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.

GDT Events Results » GlobalDairyTrade - Google Chrome.jpg
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.

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