Global Dairy Trade Event Records Slight Decline in Price Index

The Global Dairy Trade (GDT) event 374 recently concluded with a slight drop of 0.6% in its price index compared to the prior auction.

The average price of dairy products sold reached $4,370 per metric ton, maintaining relatively high levels in the global market. This event witnessed participation from 165 bidders, with 120 eventually securing buys. The auction featured 15 bidding rounds and lasted for 2 hours and 8 minutes, demonstrating a dynamic pace in trading.

In terms of volume, the total quantity of dairy products sold reached 22,651 metric tons, adhering to the estimated supply range of 21,256 to 26,020 tons. This indicates a stable market in terms of product availability, albeit with a slight reduction in the quantity traded compared to previous events.

The outcome of this event reflects a subtle downward pressure on prices, potentially influenced by global supply, buyer expectations, and demand in key import markets. Monitoring upcoming auctions will be critical to understanding whether this trend will persist or if the market will experience a recovery in benchmark values.