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Shock leap in Global Dairy Trade auction overnight

Positive run continues in Global Dairy Trade auctions

Positive run continues in Global Dairy Trade auctions 2 Feb, 2021 05:30 PM 2 minutes to read The Country The dream run has continued for the dairy industry with the sixth positive Global Dairy Trade auction in a row. Prices rose 1.8 per cent across the board in last night s event, which attracted 103 winning bidders for the 28,707MT of product on offer. Whole Milk Powder - the biggest influencer on Fonterra s Farmgate milk price - backed up a 7.0 per cent gain in the previous event, with a further 2.3 per cent rise to an average US$3,458/MT. Meanwhile Skim Milk Powder, the second biggest reference product for Fonterra, experienced the only fall - down 1.5 per cent to an average US$3,198/MT.

Export prospects brighten for dairy products - The Hindu BusinessLine

Export prospects brighten for dairy products January 26, 2021 Rising price trend in international market for butter, fat to benefit farmers here A recent surge in the prices of dairy products in the international market has brightened export prospects for India especially for skimmed milk powder (SMP), fat and butter. The prices have surged to a year-high levels on the Global Dairy Trade (GDT) auctions - primarily driven by the consumption push post Covid-19 unlock measures in several countries and weakening of the US dollar. On Tuesday, SMP prices on the GDT fortnightly auctions quoted at $3,243 a tonne which is 37 per cent up from $2,373 a tonne reported about seven months ago. When converted to Indian rupee, prices were at ₹235-236 a kg now as against ₹173-174 a kg in July.

Global Dairy Market To Be Driven By Increasing Demand For Lactose-Free Dairy Products And Increasing Health Consciousness In The Forecast Period Of 2020-2025