GDT – what is it?
The GDT, or Global Dairy Trade refers to a leading indicator of trade for globally traded dairy products. It’s an online auction platform that facilitates international trade of dairy commodities, helping to establish price transparency and market-based reference prices for these products. Given the significant role of dairy in various sectors, GDT has become a vital benchmark for businesses, traders, and analysts looking to understand market trends and dynamics.
Most common questions
1. Why is GDT important for businesses in the dairy industry?
The GDT provides a transparent, unbiased, and real-time pricing mechanism for globally traded dairy products. Businesses in the dairy industry, including those like Foodcom S.A., rely on GDT to gauge market demand, price trends, and potential shifts in the global dairy landscape. This information is invaluable for strategic decision-making, procurement, and sales forecasting.
2. How often does the GDT auction take place?
The GDT auction typically takes place twice a month, providing regular and updated insights into global dairy trade dynamics. This frequency ensures that participants have timely information to base their business decisions on.
3. Which products are typically traded on the GDT?
The GDT platform trades a wide array of dairy commodities, including but not limited to whole milk powder, skim milk powder, butter, cheese, and lactose. Each of these commodities is crucial for various sectors, from direct food consumption to feed and industrial applications.
4. How does Foodcom S.A. utilize GDT data?
Foodcom S.A., being an active participant in the food, feed, and industrial sectors, leverages GDT data for strategic sourcing, pricing decisions, and market analysis. The insights derived from GDT help Foodcom S.A. stay ahead of market trends, anticipate customer needs, and offer competitive pricing to its B2B clientele.
