GDT publishes annual report
Global Dairy Trade has published its 2020 Annual Report, providing key trading statistics for the year.
As expected, demand and supply were heavily impacted by the Covid-19 pandemic during 2020, causing disruption for buyers and sellers on many fronts. GDT said it was fortunate as an online service to be well-positioned to maintain trading events throughout the year, supporting buyers and sellers to continue trading during volatile times.
GDT Events achieved an average clearance rate of 95% of offered quantity sold at year-end, resulting in a combined total of 678,076 metric tonnes, with a total of $2.1bn traded during the events.