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The Global Dairy Trade index rose 1.9% at its 19 November event, following a 4.8% gain on 5 November, with whole milk powder up 3.2% to its highest since July 2022. UK milk production for the April to October season was 0.2% below 2023, while October deliveries in Great Britain rose 2.5%.
Stronger GDT prices and tighter European supply are likely to lift farmgate milk prices in the coming months, supporting dairy ingredient costs.
ufuni.orgLynsay HawkesNov 22, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
