Global Dairy Trade auction experienced a 6.9% price drop, marking the lowest GDT index since March.

Global dairy prices fell 6.9% to near a three-month low in the latest Global Dairy Trade (GDT) auction. The average price for products fell across the board, including a 10.7% drop in anhydrous milk fat and a 10.2% decline in butter. Whole milk powder payouts for local farmers dropped 4.3% to $3,218 per tonne. The GDT index fell from 1,157 two weeks ago to 1,077, the lowest figure since late March.

July 02, 2024
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