Global Dairy Trade Results Update – 12/1/20
Executive Summary Dairy product prices continued to increase during the GDT event held Dec 1st. Highlights from the most recent auction include:
- The GDT Price Index increased 4.3% at the Dec 1st event, finishing higher for the fifth time in the past six auctions and reaching a ten month high level.
- Increases in prices within the Dec 1st event were widespread across products offered. Whole milk powder rebounded to a four month high level throughout the Dec 1st event while skim milk powder prices reached a ten month high. Butter and anhydrous milkfat prices reached seven and eight month high levels, respectively, while cheddar cheese prices finished higher for the first time in the past three auctions.
- Total quantities sold for all products at the Dec 1st event remained lower on a YOY basis for the tenth consecutive auction, finishing down 11.6%.