At the latest event (April 3rd) GDT index went down 0.6 percent. However, butter went up 4.1 percent while SMP fell 1.8 percent.
At the Global Dairy Trade (GDT)event on March 6, the overall price index went down 0.6 percent. SMP however, increased with 5.5 percent.
At the latest Global Dairy Trade (GDT) event the trade index went up 5.9 percent with butter and butter milk powder as top winners.
Global Dairy Trade index went up 2.2 percent at the latest trading event contrary to the latest trading event the past year which went down 3.9 percent.
GDT Marketplace has grown strongly over the past quarter, with a 40% increase in buyers and doubling of sellers since our June update. GDT Marketplace now has 233 registered buyers and 10 registered sellers from USA, Western Europe, Oceania, and Asia.
Don’t forget to follow the trading price index at GDT. It went down 0.4 per cent on the passed tuesday.
This GDT figure shows the butter price development during the past 12 months.
At the latest Global Dairy Trade event the SMP price went up 7.1 percent. The overall price index reached + 3.1 percent, a steady increase since early March.
Global Dairy Trade’s online dairy trading platform, GDT Events, has passed the milestone of US$20 billion cumulative value of products sold at the 185th trading event the other day.
“Over 40 specifications of dairy ingredients are offered to over 500 registered bidders from 80 countries, offering more trading opportunities than any other trading platform. GDT Events, now in its 9th year, has traded more than 5.8 million metric tonnes (12.8 billion pounds) of dairy ingredients, enough to fill over 365,000 twenty-foot shipping containers.
“GDT Events performed successfully against the backdrop of a prolonged two-year downturn on the global dairy market. In 2016, despite the relatively weak market conditions, more than 95 per cent of the dairy products offered were sold.
At the latest trading event on April 4th the change in GDT Price Index from previous event was +1.6%. The average price (USD/MT, FAS) was $3,005.
Global Dairy Trade has produced its first Annual Report 2016, with a focus on GDT Events and the new GDT Events Oversight Board.
- Global Dairy Trade 2016 highlights
- Oversight board chairman’s report
- Director’s report
- Case study: Arla Foods Ingredients
- Connecting a truly global marketplace
- GDT events oversight board
- member representatives
- governance principles
- Trading manager report
- Integral to NZX dairy derivatives
- The history of Global Dairy Trade
- GDT statistics to 31 december 2016