The Global Dairy Trade price index for dairy products has increased by 0.5%
The weighted average price of dairy products at the 234th auction of GDT rose to 3,447 USD/kg. Taking into account the strengthening of the ruble compared to previous trading, the weighted average price of dairy products in the Russian currency increased by 3% to 221.46 rubles (about 3.08 euros)/kg, which is 0.9% lower than in April 2018.
In total, 16,166 tons of dairy products were sold at the auction, which is by 5.5 thousand tons less than at the auction of April 2, 2019. Number of bidders was 155.
Prices for lactose (-3.4%), whole milk powder (-0.7%) and casein (-2.4%) decreased at the auction. The price of dehydrated milk fat (+4.2%) and butter (+3.5%) continued to increase. The price of cheddar cheese increased by 1.4%, skim milk powder - by 0.2%.
The next Global Dairy Trade auction will be held on April 7, 2019.