News Milk
Concerns over tariffs and supply drive GDT to high levels
Buyers from South-East Asia in particular have driven up prices at the latest GDT dairy auction. The auction index rose by 4,6%. The average price of whole milk powder rose by 6,2% and is therefore almost a quarter more expensive than last year at the same time. Milk fat is rising more calmly in price, but is breaking historical records.
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Analysts in New Zealand attribute the high prices to a combination of relatively limited supply and the import tariff war unleashed by US President Trump.
Another high flyer at the May 6 auction is cheddar, which rose 12% in price and thus shows a completely different development than mozzarella. This type of cheese was the only faller at the auction and dropped 0,5% in price.
Butter is also among the 'laggards' with a price increase of 3,8%, but at almost $8.000 per tonne it has never been as expensive as it is now. The same goes for butter oil, which rose in price by 5,4%.