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.