Global Dairy Trade Results Update – 1/19/21
Executive Summary Dairy product prices continued to increase during the GDT event held Jan 19th. Highlights from the most recent auction include:
- The GDT Price Index increased 4.8% at the Jan 19th event, finishing higher for the eighth time in the past nine auctions and reaching a six and a half year high level.
- Increases in prices within the Jan 19th event were widespread across products offered with the exception of cheddar cheese. Whole milk powder and skim milk powder prices reached four and six year high levels, respectively, throughout the Jan 19th event while butter and anhydrous milkfat prices each reached one and a half year high levels. Cheddar cheese prices remained near eight month high levels throughout the Jan 19th event.
- Total quantities sold for all products at the Jan 19th event remained lower on a YOY basis for the 13th consecutive auction, finishing down 10.7%.