Tridge summary
The first Global Dairy Trade auction of 2023 reported overalls price drops for all dairy products, with a total average decrease of 2.3%, bringing the average price down to $3,365 per ton. Specifically, whole powdered milk saw a 1.4% decrease to $3,208 per ton, while skimmed milk experienced a more significant 4.3% drop to $2,838 per ton. Notably, powdered buttermilk experienced the most substantial price drop of almost 13%, falling to $2,556 per ton in this auction.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Last Tuesday, January 3, the first auction of the year 2023 of the Global Dairy Trade (GDT) platform was held, which, far from bringing good news in terms of improvements in the reference prices of milk, yielded negative results. , and not only in the general average of all dairy products, but in all the products operated in this first event of the new year. The final data indicates a decrease in the average price of dairy products in the order of 2.3%, falling to US$ 3,365 per ton. Thus, the international reference market for powdered milk began 2023 with negative values in its prices. Within this framework, whole powdered milk fell 1.4% and skimmed milk 4.3%, leaving values of US$ 3,208 and US$ 2,838, respectively, in terms of price per ton. Powdered buttermilk is the ...
Source: ARabc
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