The price index for dairy products at the Global Dairy Trade auction increased by 15%
The weighted average price for dairy products at the 279th auction of GDT was 4,231 USD/kg. Taking into account the weakening of the ruble against the dollar compared to the previous auction, the weighted average price of dairy products in the Russian currency increased by 14.8% to 313.28 rubles/kg, which is 51.8% higher than at the beginning of March 2020.
In total, 25,554 tons of dairy products were sold at the auction, 1.3 thousand tons less than at the previous auction. The number of bidders -180.At the auction, prices for all dairy products except buttermilk (-0.3%) increased, the price of butter increased by +13.7%, whole milk powder - by +21%, skimmed milk powder - by +3.5%, cheddar - by +1.3%, dehydrated milk fat - by +7.4%, lactose - by +4.9%.