Global Dairy Trade Results Update – 4/17/18
Executive Summary Dairy product prices increased during the GDT event held Apr 17th. Highlights from the most recent auction include:
- The GDT Price Index increased for the first time in the past five auctions during the Apr 17th event, finishing up 2.7% to a five auction high.
- Increases in prices within the Apr 17th event were widespread across products offered and led by lactose, followed by anhydrous milkfat, cheddar cheese and skim milk powder. Cheddar cheese prices finished at a five month high throughout the auction. Butter and whole milk powder prices also strengthened throughout the event, finishing at six and 11 month highs, respectively.
- Total quantities sold for all products at the Apr 17th event rebounded 11.8% from the four and a half year low experienced during the previous auction. Total quantities sold within the April auctions remained 19.9% below last year’s average volumes sold for the month of April and 20.8% below the previous three year average April quantities sold, however.