Tridge summary
The article provides an overview of the current prices for key dairy products in the United States and Western Europe, with a focus on the prices reported at the Global Dairy Trade auction in the third week of August 2020. It highlights the fluctuations in the prices of butter, skimmed milk powder (SMP), whole milk powder, and Cheddar cheese over various time periods, including the recent past, the previous month, and the same period in the previous year. The prices are expressed in terms of US dollars per ton. The report indicates a general decline in the prices of dairy products from the previous month and the same period in the previous year, with some exceptions like SMP in Western Europe and whole milk powder in Western Europe and the United States, which experienced increases. Notably, Cheddar cheese prices have seen a significant decrease both in the United States and at the Global Dairy Trade auction, reflecting the dynamic nature of the dairy market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In the United States, the price of butter on August 21 was $ 3,340 / t, 2% more than in the previous quotation, 12% less than a month earlier, 32% less than in the comparable month of 2019. On GDT in the third week of August, the price butter was 3 370 USD / t, i.e. 2% less than in the previous quotation, 5% than for a month, 16% cheaper than in 2019. Skimmed milk powder In Western Europe, the SMP price was USD 2,488 / t and was 0.5% lower than two weeks earlier, but 1.5% higher than a month ago, and 5% higher than in 2019. In the United States, the SMP price was USD 2,172 / t, which is 2% more than in the previous listing, but 2% less than a month earlier, 4% than in 2019. On GDT on August 18, the SMP price was 2,608 USD / t, i.e. 1% more than in the previous quotation, 3% less than last month, but 5% more than in 2019. Whole milk powder In mid-August, in the ports of Western Europe, the price of PMP was USD 3,288 / t, i.e. 1.5% more expensive than two weeks earlier, 6% more than ...
Source: Gospodarz
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.