Global Dairy Trade prices increased by 1.9% in the second fortnightly November auction and the GDT index is now the highest it has been since July 2022.
At 1239 points currently the index is 25% higher than it was 12 months ago and is returning to the slopes of the 1300-plus, 10-year record peak reached between January and May 2022.
Price increases were strong for milk powders and milkfat products but fell for cheddar and mozzarella.
Hugh Stringleman
November 20, 2024
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