The international price of milk powder rose

Published 2024년 4월 4일

Tridge summary

The 353rd Global Dairy Trade auction witnessed a notable 2.8% increase in the dairy index, with prices reaching $3,558 per ton. This upward trend was led by a 3.4% rise in Whole Milk Powder prices, now at $3,246 per ton, amidst general gains across most dairy commodities, excluding Lactose and Whey. This development is of particular importance to Argentina, a country currently grappling with recession and low consumer purchasing power. The GDT prices hold significant weight for Argentina, especially for Santa Fe province, which is responsible for 47.2% of the nation's dairy exports and stands as a key player in the Argentine dairy foreign trade sector.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the 353rd auction of the Global Dairy Trade (GDT) this week, the dairy index rose 2.8%, closing at $3,558 per ton. The relevant data is that the commodity Whole Milk Powder, marked a rise of 3.4%, reaching 3,246 dollars/ton, while the rest of the commodities, except for Lactose and Whey, also experienced increases in value. This is a good news for the Argentine dairy chain, since the GDT reflects the business of the main world exporter (Fonterra – New Zealand) and is the thermometer of world foreign trade in this area. At a time when the domestic market is in a clear recession and with The consumption depressed due to the economic crisis and the low purchasing power of the Argentine consumer, the fact that the external market is with firm and rising values, gives extra hope to the future of the dairy. It should be noted that for Santa Fe, dairy exports are very ...

Source: Diariolaopinion