Global Dairy Index, GDI, went down again at the event on October 16th, see figure. Butter, however, went up 2.4 percent but WMP fell – 0.9 percent.
The index for SMP was unchanged.
Next event is on November 6th.
Global Dairy Index, GDI, went down again at the event on October 16th, see figure. Butter, however, went up 2.4 percent but WMP fell – 0.9 percent.
The index for SMP was unchanged.
Next event is on November 6th.
Online grocery shopping is growing at a double-digit rate, while traditional stores are being reinvented, merging together into an omnichannel where consumers expect to be able to buy whenever, wherever and however they choose, with the smartphone as their compass. Packaging will play an important role in response to the trends that are shaping the growth of on-line grocery, says the company.
The Tetra Pak Index 2018 highlights the four key trends shaping the growth of on-line grocery:
Don’t forget to follow the trading price index at GDT. It went down 0.4 per cent on the passed tuesday.
The FAO Dairy Price Index averaged 216.6 points in July, up 7.6 points (3.6 percent) from June and 74.3 points (52.2 percent) above its value in July 2016. Despite this latest increase, the Index is still 21 percent below its peak reached in February 2014.
International prices of butter, cheese and Whole Milk Powder (WMP) increased, but those of Skimmed Milk Powder (SMP) declined. Tighter export availabilities pushed butter prices to a new high in July, widening the spread between butter quotations and other dairy products further. While strong buying activity from Asian importers also underpinned cheese and WMP quotations, SMP prices were weighed down by slack demand and prospects of larger releases from the intervention stocks in the EU.
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.