Search our website enhanced by Google.
Prices fall at latest GDT event but still remain at historic highs
Thursday, 23 June 2022
Prices on the New-Zealand based Global Dairy Trade (GDT) platform have been steadily decreasing since peaking at US$5,065 on 1 March, with a small uptick at the beginning of June. The latest event on 21 June saw the overall price index decline again by 1.3% to US$4,600, with a total of 20,760 tonnes of product sold. Butter and SMP were the only products to see an increase in price with a 2.4% and 1.0% rise respectively, all other products were in decline.
The quantity of product sold at recent events are behind the volumes of last season, down 3.5% at the latest event compared to the same point last year, reiterating the tightness in current supplies of milk and dairy products. These tight supplies are supporting prices and although recently prices have been dropping off they still remain above historic levels, with the overall price index at the latest event over US$500 higher than at the same time last year.
Sign up to receive the latest information from AHDB.
While AHDB seeks to ensure that the information contained on this webpage is accurate at the time of publication, no warranty is given in respect of the information and data provided. You are responsible for how you use the information. To the maximum extent permitted by law, AHDB accepts no liability for loss, damage or injury howsoever caused or suffered (including that caused by negligence) directly or indirectly in relation to the information or data provided in this publication.
All intellectual property rights in the information and data on this webpage belong to or are licensed by AHDB. You are authorised to use such information for your internal business purposes only and you must not provide this information to any other third parties, including further publication of the information, or for commercial gain in any way whatsoever without the prior written permission of AHDB for each third party disclosure, publication or commercial arrangement. For more information, please see our Terms of Use and Privacy Notice or contact the Director of Corporate Affairs at info@ahdb.org.uk © Agriculture and Horticulture Development Board. All rights reserved.