Tuesday, September 18, 2018
 Dairy Prices Rise, Volumes Drop GDT Auction  

Dairy prices have risen at Fonterra's latest auction for the fifth consecutive time, although volumes available continued to fall. Fonterra's GDT Price Index climbed 10.1 percent, with an average selling price of $3,366 per ton, in the latest auction held on Tuesday, February 17, 2015. The GDT price index which hit a five-year low in December is now at its highest level since July 2014.

 

Despite increased prices, volumes continued to fall with 22,957 tons sold, down sharply from 28,705 tons at the previous auction or 18 percent.


Whole milk powder performed strongly at the auction, up 13.7 percent, while cheddar prices jumped 16.8 percent. All categories saw price increases, with anhydrous milk fat up 6.4 percent, skim milk powder up 5.7 percent, butter milk powder up 1.9 percent, rennet casein up 1.2 percent, and butter up 1.1 percent.


The auctions are held twice a month, with the next one scheduled for March 3, 2015.


Source: Global Dairy Trade
 


Posted on Thursday, February 19, 2015 (Archive on Thursday, February 26, 2015)
Posted by bholcomb@adpi.org  Contributed by bholcomb@adpi.org
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