The Global Dairy Trade price index for dairy products increased by 2.2%
The weighted average price for dairy products at the 269th GDT auction was 3,143 USD/kg. Taking into account the weakening of the ruble against the dollar compared to previous trading, the weighted average price of dairy products in the Russian currency increased by 6.3% to 245.56 rubles/kg, which is 14.9% higher than at the beginning of October 2019.
In total, 35,090 tons of dairy products were sold at the auction, which is 1.3 thousand tons more than at the previous auction. Number of bidders -190.
At the auction, the price increased for butter (+8.4%) and dehydrated milk fat (+5.4%). The price of cheddar (+0.4%), buttermilk (+9.1%) and whole milk powder (+1.7%) increased. The price of skimmed milk powder (-0.9%) and lactose (-7.4%) decreased.
The next Global Dairy Trade auction will be held on October 20, 2020.
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