The price index for dairy products at the Global Dairy Trade auction decreased by 3.8%

Источник: The DairyNews
The 280th auction of GDT (Global Dairy Trade) of March 16, 2021 ended with a decline. The price index for dairy products decreased by 3.8%, while the prices for butter and whole milk powder decreased.


The weighted average price for dairy products at the 280th auction of GDT was 4,089 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 4.4% to 299.4 rubles/kg, which is 35.6% higher than in March 2020.

In total, 26,872 tons of dairy products were sold at the auction, which is 1.3 thousand tons more than at the previous auction. The number of bidders is 161.

At the auction, prices for butter (-2.8%) and whole milk powder (-6.2%) decreased, but prices for skimmed milk powder (+0.7%), lactose (+8.6%), and dehydrated milk fat (+3.7%) continued to grow.


The next Global Dairy Trade auction will take place on April 6, 2021. 
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