Wednesday, 04 March 2020 09:10

Third straight drop for GDT price index

Written by  Staff Reporters
Coronavirus uncertainty has led to the third consecutive drop in the Global Dairy Trade price index. Coronavirus uncertainty has led to the third consecutive drop in the Global Dairy Trade price index.

Global dairy prices have dropped for the third consecutive auction.

The Global Dairy Trade (GDT) price index was down 1.2% overnight, following drops of 5,5% and 4.7%.

The poor run is being blamed by uncertainty around the spread of coronavirus.

Key results

AMF index down 1.7%, average price US$4,302/MT

Butter index up 1.0%, average price US$4,131/MT

BMP index down 4.8%, average price US$2,718/MT

Ched index down 4.7%, average price US$4,285/MT

LAC index up 5.7%, average price US$871/MT

RenCas index up 0.5%, average price US$9,891/MT

SMP index down 3.2%, average price US$2,747/MT

SWP index not available, average price not available

WMP index down 0.5%, average price US$2,952/MT 

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The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.

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