Global Dairy Trade Results Update – 6/2/20
Executive Summary Dairy product prices increased slightly during the GDT event held Jun 2nd. Highlights from the most recent auction include:
- The GDT Price Index increased 0.1% at the Jun 2nd event, finishing higher for the second consecutive event.
- Increases in prices within the Jun 2nd event were led by butter milk powder, followed by whole milk powder, which increased to a two month high level. Butter and anhydrous milkfat prices each declined to three and a half year low levels throughout the Jun 2nd event, however, while cheddar cheese prices declined to a 16 month low level. Skim milk powder prices declined slightly from the two month high level experienced throughout the previous event.
- Total quantities sold for all products at the Jun 2nd event increased seasonally while remaining higher on a YOY basis for the 11th consecutive event, finishing up 10.5%.