News dairy business
More expensive milk fat increases the GDT index even further
Milk fat in particular was the draw at the latest Global Dairy Trade auction. This is mainly why the index rose more this time than at the first auction of the year, although milk powders also recorded a small increase.
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The auction index increased to 2,3%, compared to plus 1,2% two weeks ago. However, the average butter price increased by 5,8%, the price for AMF by 4,3%. These products made the music, although they have a limited share of the volume sold. The milk powders, which form the main part of the GDT, were also sold more expensively, but at slightly higher prices. Among cheeses, cheddar was also sold slightly more expensive, while mozzarella lost ground.
The products of the European providers (Arla and Solarec) achieved slightly higher prices on average than Fonterra's New Zealand product, but this seems to be easily explained by the different markets in Europe and Asia. This may be slightly different for skimmed milk powder, but here too the European suppliers achieved slightly higher prices than Fonterra.
At 24.909 tons of product, the volume sold was approximately 1.300 tons smaller than in the previous auction round.