Global Dairy Trade Index Falls Below Market Expectations

The Global Dairy Trade (GDT) index dropped by 4.3% on September 2, clearing at $4,043/MT, from $4,291 on August 19.

The total volume sold increased from the previous event to 41,465 metric tons (MT), despite fewer participating bidders. Lactose was once again not offered at the event. Prices for the products were all down but for cheddar, which rose by 3.6% to $4,709/MT. It is the first increase in cheddar since June.

Butter milk powder fell by 6.3% to $2,868 MT from...

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