Global: GDT dairy price index increased by 2.8%

Market & Price Trends
Published Apr 4, 2024

Tridge summary

On April 2, the Global Dairy Trade (GDT) auction reported a 2.8% increase in the dairy price index, marking a recovery after two sessions of decline. The auction revealed mixed price movements among dairy products: while lactose and dry butter oil prices fell by 3.1% and 0.5% respectively, prices for cheddar, dry whole milk, butter, dehydrated milk fat, and skim milk powder experienced increases, with cheddar leading at a 4.1% rise. Notably, mozzarella was absent from this auction's offerings. A total of 18.7 thousand tons of dairy products were sold to 168 participants, achieving a weighted average price of $3,558/ton. The next auction is anticipated on April 16. The article also highlights that the Ukrainian oil market has achieved independence from imports.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On April 2, the Global Dairy Trade (GDT) dairy price index rose again after two sessions of decline, adding 2.8%. Of all the presented products, prices have decreased: – lactose – by 3.1% – up to $753/ton; ‒ dry butter oil ‒ by 0.5% ‒ to $2496/ton. The rest of the exchange products rose in price: – cheddar – by 4.1% – up to $4,340/ton; – dry whole milk – by 3.4% – up to $3,246/ton; – butter – by 3.1% – up to $6,592/ton; ‒ dehydrated milk fat – by 2.3% – up to $6,934/ton; - skim milk powder - by 1.4% - up to $2,550/ton. Mozzarella was not offered at this auction. In total, 18.7 thousand tons of dairy products were sold. ...
Source: Agrotimes
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