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The GDT price index rose 0.8% at event 233, the ninth consecutive increase, with 17,854 tonnes sold across 109 successful bids. Rennet casein and butter led the gains, while lactose fell 5.3%.
No sweet whey powder index was published.
The ninth straight GDT increase supports global dairy price strength. The move is marginal and has little direct effect on feed costs.
agriland.ieSylvester PhelanApr 2, 2019Not 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.
