Dairy products have sharply increased in price at the GDT auction — the index rose for the first time since 2021.

Following the results of the 397th Global Dairy Trade (GDT) auction, key exchange-traded dairy products have increased in price due to reduced supply, seasonal decline in milk production in Oceania, and the gradual recovery of global demand. The price index rose to 1161 points (+6.7%) — this is the strongest increase since 2021. The average product price was 3830 USD/t (+215 USD). The volume of sales decreased to 22.7 thousand tons, which is 5.1 thousand tons less than the previous auction. The auction was attended by 175 companies. The biggest price increases were: skim milk powder — 2874 USD/t (+10.6%) mozzarella — 3694 USD/t (+10.6%) butter — 5773 USD/t (+8.8%) anhydrous milk fat — 6524 USD/t (+5%) whole milk powder — 3614 USD/t (+5.3%) cheddar — 4772 USD/t (+3.8%) Analysts explain the price increases by the slowdown in milk yields in ...