Global Dairy Trade Results Update – 4/3/18
Executive Summary Dairy product prices declined during the GDT event held Apr 3rd. Highlights from the most recent auction include:
- The GDT Price Index declined for the fourth consecutive auction during the Apr 3rd event, finishing down 0.6%.
- Declines in prices within the Apr 3rd event were led by anhydrous milkfat, followed by skim milk powder. Anhydrous milkfat prices declined to a 12 month low throughout the auction while skim milk powder prices finished at a three auction low. Whole milk powder strengthened throughout the event, finishing at a ten month high, while cheddar cheese and butter prices also finished higher.
- Total quantities sold for all products at the Apr 3rd event declined 7.6% from the previous auction, finishing at a four and a half year low. Total quantities sold within the first auction of April finished 24.4% below last year’s average volumes sold for the month of April and 25.2% below the previous three year average April quantities sold.