Global Dairy Trade Results Update – 12/15/20
Executive Summary Dairy product prices continued to increase during the GDT event held Dec 15tht. Highlights from the most recent auction include:
- The GDT Price Index increased 1.3% at the Dec 15th event, finishing higher for the sixth time in the past seven auctions and reaching an 11 month high level.
- Increases in prices within the Dec 15th event were widespread across products offered. Whole milk powder rebounded to a five month high level throughout the Dec 15th event while skim milk powder prices reached an 11 month high. Cheddar cheese prices reached a seven month high level while butter and anhydrous milkfat prices reached eight and ten month high levels, respectively.
- Total quantities sold for all products at the Dec 15th event remained lower on a YOY basis for the 11th consecutive auction, finishing down 11.3%.