The Global Dairy Trade Experiences a Slight Decline

The Global Dairy Trade price index saw a decline of 1.0% compared to the previous event, indicating minor corrections in the international dairy market. The average winning price stood at $4,389 per metric ton, suggesting a slight retraction in the values of the traded products.

A total of 172 bidders participated, with 110 emerging victorious. The auction spanned 20 bidding rounds and lasted 2 hours and 58 minutes, highlighting a competitive yet stable price formation dynamic. The total quantity sold reached 15,209 metric tons, within an expected range of 14,701 to 19,108 metric tons, reflecting solid volume placement despite unit price adjustments.

This slight decrease in the index may be linked to various global market factors, such as fluctuations in Asian demand, seasonal changes, or adjustments in exportable supply by leading producer countries.