Discover the latest insights from Global Dairy Trade Event 355, where the GDT Price Index rose by a significant 1.8%. Curious about what this means for the dairy industry? Dive in to find out.
If you’re keeping an eagle eye on the global dairy trade, we’ve got some fresh figures to share with you straight from Fonterra. Their latest price quotes reveal a mixed bag of increases and decreases across the various dairy indices. Let’s dive right into the creamy details.
AMF Index saw a moderate increase of 1.2%, bringing the average price to US$7,124/MT (€6,611/MT).
The butter-lovers will be pleased, as the Butter Index went up by 2.1% and has an average price of US$6,593/MT (€6,118/MT).
For those monitoring the BMP Index, there was an increase of 1.7%, with the average price now standing at US$2,545/MT (€2,362/MT).
An exciting climb was seen in the Ched Index, going up by a robust 8.0%, hence pushing the average price to US$4,257/MT (€3,950/MT).
Unfortunately, the LAC Index has seen a slight dip of 1.3%, bringing its average price down to US$739/MT (€686/MT).
Cheese enthusiasts rejoice: the Mozz Index has risen by 2.3%, settling the average price at US$3,840/MT (€3,564/MT).
A marginal rise occurred in the SMP Index by 0.4%, with an average price of US$2,551/MT (€2,367/MT).
Lastly, the WMP Index is up by 2.4%, boasting an average price of US$3,350/MT (€3,109/MT).
Remember, these market shifts represent the pulsating, changing face of the global dairy trade. Keep this information at hand as you navigate your way in this ever-evolving market.
