Significant drop in global dairy prices

Highlighting the climate of weakness in the international dairy markets, today's auction in the Global Dairy Trade market registered a sharp decline of 3%, reflecting the imbalance between a robust global supply and a demand that remains cautious. In the 392nd GDT event, the average price stood at 3,678 dollars per ton (down from 3,768 dol/tn in the previous event), marking the seventh consecutive drop in the index. The value of milk powder, the main reference product for international trade, was located at 3,452 dol/tn, a drop of 1.9% from the previous event, when it was quoted at 3,503. The most affected The sharpest declines were concentrated in the high-fat products, suggesting a severe correction in this segment of the market: butter suffered a collapse of 7.6%, trading at 5,886 US$/ton, while Fat decreased by 5% to 6,543 US$/ton. Cheddar Cheese also experienced a drop of ...