The price index for dairy products at the Global Dairy Trade auction fell by 0.7%

Источник: The DairyNews
The 283rd auction of GDT (Global Dairy Trade) of May 4, 2021 ended with a slight decline. The price index for dairy products decreased by 0.7%, prices for butter and dehydrated milk fat decreased, and prices for milk powder increased.

The weighted average price of dairy products at the 283rd auction of GDT was 4,162 USD / kg. Taking into account the strengthening of the ruble against the dollar compared to previous trading, the weighted average price of dairy products in the Russian currency decreased by 0.6% to 311.5 rubles/kg, which is 49.45% higher than at the beginning of May 2020.
In total, 22,020 tons of dairy products were sold at the auction, 3 thousand tons less than at the previous auction. The number of bidders is 148.

At the auction, prices for butter (-12.1%), dehydrated milk fat (-4.2%), cheddar (-4.5%), lactose (-2%) decreased, prices for skimmed milk powder (+2%), whole milk powder (+0.7%) and buttermilk (+14.4%) increased.

The next Global Dairy Trade auction will take place on May 18, 2021.

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