Tuesday, November 13, 2018
 Global Dairy Trade Prices Rise 0.6%, Milk Powder Prices Edge Lower  

International dairy prices at the January 17th auction edged up slightly reinforcing an ongoing recovery that had been dented by two consecutive auctions of losses.

Overall prices in the latest Global Dairy Trade (GDT) auction rose 0.6% to $3,517 following a 3.9% decline in the first auction of 2017. This was the first increase in three auctions and broadly in line with consensus expectations of a slight improvement.

There was, however, a 0.1% decline in Whole Milk Powder prices in the latest auction to $3,283 per ton after a sharp 7.7% decline previously and was slightly weaker than expected.

 “At present there is neither a shortage of dairy products or an excess of product available,” Amy Van Ossenbruggen, dairy analyst at AgriHQ, said.

“This situation is likely to persist for the next few months during which time prices will most likely bob up and down from week to week,” she added.

Though prices were not as strong as the more than 1 percent rise the futures markets had been expecting, the result was a relief after the index fell 3.9 percent at the previous auction.


A total of 22,030 tons of product was sold at the latest auction, falling 1.6 percent from the previous one. There were 113 winning bidders out of 178 participating at the 10-round auction. The number of qualified bidders rose to 526, up from 523 at the previous auction. The next event is scheduled for February 7, 2017.


Posted on Thursday, January 19, 2017 (Archive on Thursday, January 26, 2017)
Posted by bholcomb@adpi.org  Contributed by bholcomb@adpi.org