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.
Tagg: global dairy trade
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.
At the latest Global Dairy Trade event on the 17th January the winners were Anhydrous Milk Fat and Rennet Casein and the looser were Butter Milk Powder. The over-all index went up 0.6 percent.
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Det genomsnittliga priset på de handlade produkterna steg med 4,5 procent. Ost steg med 11 procent och skummjölkspulver med nära 10 procent.
New governance principles to monitor GDT Events, the twice-monthly auction held by Global Dairy Trade, have been voted in by the GDT Events Oversight Board.
The new governance principles will enhance the Board’s monitoring and reporting, and is an important milestone on the journey to implement best practice governance of GDT Events.
Global Dairy Trade is set to expand its role in online dairy trading with a new suite of complementary services.
“The growth in global dairy trading, ecommerce and digital platforms meant now is the right time to continue developing innovative services to reach more markets around the world,” said Eric Hansen, Director, Global Dairy Trade.
Global Dairy Trade’s new offering will include:
- GDT Events, the current twice monthly auction
- GDT Marketplace, a new 24/7 dairy trading platform
- GDT Insight, a subscription service offering round-by-round and post-event data from GDT Events
A new Cream Group for Anhydrous Milk Fat and Butter will be introduced on GDT Events from June which further develops the existing GDT Events trading platform, as outlined in GDT’s stakeholder consultation process last year.
“Global Dairy Trade is now well positioned as a digitally driven multiservice business, offering a strong suite of complementary services that will deliver benefits to dairy sellers, buyers and the financial dairy trading sector,” said Hansen.
Dairy commodity prices fell 7.9 per cent at the latest Global Dairy Trade auction. It is the third downfall in a row.
After four bumper auctions in a row, prices fell at the latest Global Dairy Trade auction. Average prices paid at the auction fell 3.1 percent on the last event held three weeks previously which itself was up 9.9 percent.
The previous three auctions had seen double-digit increases for dairy prices. This week, key products Whole Milk Powder and Skimmed Milk Powder both fell at the latest auction down 4.6 percent and 4.5 percent respectively.
The passed four auctions have all resulted in increasing prices, this time with nearly ten percent. The long time downfall seems to have stopped.