Prices at the latest GlobalDairyTrade auction held on 2 May were 3,6% higher than at the previous sale at the end of April, the fourth increase since the end of February. The Global dairy trade trade-weighted index is now at 1 055, up 10% from February 2017 and 48% up from January 2016. Prices of all products, with the exception of skimmed milk powder where prices decreased marginally, were higher with a sharp 21,8% increase in the price of buttermilk powder. The main reasons for the higher prices are the continuing slow and negative growth of milk production in major exporting countries and the recovery of market demand.
Published on Mon, 15th May 2017 - 10:00