Global Dairy Trade Results Update – 10/6/20
Executive Summary Dairy product prices strengthened during the GDT event held Oct 6th. Highlights from the most recent auction include:
- The GDT Price Index increased 2.2% at the Oct 6th event, finishing higher for the second consecutive event.
- Increases in prices within the Oct 6th event were widespread across products sold with the exception of skim milk powder and lactose. Skim milk powder prices declined from the seven month high level experienced throughout the previous event. Whole milk powder and cheddar cheese prices each increased to two month high levels while butter prices rebounded from the four year low level experienced throughout the previous event.
- Total quantities sold for all products at the Oct 6th event remained lower on a YOY basis for the sixth consecutive auction, finishing down 9.4%.