News Dairy
Global Dairy Trade rises, but not convincing
The Global Dairy Trade also gained ground during the second auction in September. The indicator on the global dairy markets thus shows recovery for the second time in a row.
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The average price increases by 2% to $4,0722 per tonne. Whole milk powder stands out with a plus of 3,7% to $3.733 per tonne. This price increase is striking, given that the milk powder market has been under pressure in recent weeks.
On the other hand, the price increase can be logically explained, because prices on the European market are considerably higher. Skimmed milk powder, on the other hand, is down 0,7%, falling to $3.547 per tonne. This price is comparable to prices in Europe.
Cheddar rose 2,1% to $5,147 per tonne. Butter prices recorded a minimal decline of 0,2% to $5.356 per tonne. AMF, on the other hand, is taking a serious step up to just under $4 with a plus of 6.000%.
Interpreting the GDT result is difficult. Although the whole milk powder quotation is increasing considerably, this can be logically explained in terms of price imbalance. Furthermore, the price increase of cheddar is not convincing and can also be attributed to a competitive advantage compared to Europe. The sideways movements of skimmed milk powder and butter are also not moving the market.