Global Dairy Trade Results Update – 1/5/21
Executive Summary Dairy product prices continued to increase during the GDT event held Jan 5th. Highlights from the most recent auction include:
- The GDT Price Index increased 3.9% at the Jan 5th event, finishing higher for the seventh time in the past eight auctions and reaching a 13 month high level.
- Increases in prices within the Jan 5th event were widespread across products offered. Whole milk powder and skim milk powder prices each reached 13 month high levels throughout the Jan 5th event while cheddar cheese prices reached an eight month high. Anhydrous milkfat and butter prices reached 11 and 18 month high levels, respectively.
- Total quantities sold for all products at the Jan 5th event remained lower on a YOY basis for the 12th consecutive auction, finishing down 8.3%.