The growth continues at the GDT auction

Источник: The DairyNews
At the 297th GlobalDairyTrade (GDT) auction on December 7, 2021, the dairy price index increased by 1.4%, prices for all exchange-traded dairy products increased again.
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The weighted average price for dairy products at the 297th GDT auction was 4,290 USD/kg. Taking into account the weakening of the ruble against the dollar compared to previous auctions, the weighted average price of dairy products in the Russian currency increased by 2% to 316 rubles / kg, which is 28% higher than at the beginning of December 2020.

A total of 31,092 tons of dairy products were sold at the auction, 695 tons more than at the previous auction. The number of bidders is 167.

Prices for all products continued to rise at the auction: skimmed milk powder (+1.3%), whole milk powder (+ 0.6%), lactose (+3.5%), butter (+4.6%), dehydrated milk fat (+3%), cheddar (+1%) and buttermilk (+2.9%).

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The next Global Dairy Trade auction will take place on December 21, 2021.
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