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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...
Global Dairy Trade Index Extends Gains by 0.7% on August 5
The Global Dairy Trade (GDT) index rose for the second time this summer, edging up for the second consecutive week to $4,380/MT on August 5. I was up by 0.7% compared to $4,380/MT on the previous index on July 15.
The total volume sold rose to around 37,040 metric tons (MT) from 24,290 MT sold on July 15, despite fewer participating bidders.
Price changes were mixed across the products. The prices for whole and skim milk powder both extended gains on this event...
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