Explore the newest shifts in dairy pricing with significant gains in cheese and AMF at the Global Dairy Trade Event 360. What do these fluctuations mean for the market? Dive in to learn more.
The latest Global Dairy Trade Event 360 has brought some positive news for the dairy industry, with a modest rise in the GDT Price Index by 0.4%. Key product indexes showcased varied trends, highlighting the dynamic nature of the global dairy market.
Amid these fluctuations, Anhydrous Milk Fat (AMF) stood out with a significant index increase of 4.0%. The average price for AMF reached US$6,764/MT (€6,201/MT), indicative of rising demand and market strength. The upward movement in AMF prices reflects strong market fundamentals and an uptick in global demand.
Butter, another product of interest, also saw its index climb by 0.8%, with an average price of US$6,606/MT (€6,056/MT). This moderate improvement points towards stable consumption patterns.
However, not all categories followed this positive trend:
- Cheddar (CHED) index surged by a remarkable 6.2%, reaching an average price of US$4,217/MT (€3,866/MT).
- Lactose (LAC) decreased slightly by 0.6%, with an average price of US$792/MT (€726/MT).
- Mozzarella (MOZZ) decreased by 0.8%, landing at an average price of US$4,225/MT (€3,873/MT).
- Skim Milk Powder (SMP) dropped by 1.1%, averaging US$2,566/MT (€2,353/MT).
- Whole Milk Powder (WMP) fell by 1.6%, at an average price of US$3,142/MT (€2,881/MT).
Interestingly, the Butter Milk Powder (BMP) index data was unavailable for this event, leaving a gap in the overall product trend analysis.
