- Dairy product prices on the Global Dairy Trade (GDT) have risen for the fourth consecutive time.
- Fonterra is raising milk price forecasts in response to positive trends.
- In Europe, milk supplies are rising, but prices are falling.
Another price increase on GDT
The global dairy market is painting an increasingly optimistic picture, and the latest data from the Global Dairy Trade (GDT) auction confirms this trend. Dairy product prices on GDT have risen for the fourth consecutive time, with the most recent auction ending with an index increase of 4.3%. This positive trend follows earlier increases – 4.4% from October 3, 4.6% from September 19, and 2.7% from September 5.
Market Reactions
In response to these encouraging results, Fonterra, the New Zealand dairy giant, has raised its milk price forecasts. Increased buying activity from China further highlights the market’s revival, though industry experts maintain a degree of caution regarding the future. Nonetheless, current trends suggest that the dairy market is going through a positive period. However, the situation in Europe is more diverse. Although milk supplies are rising, its prices continue to drop, demonstrating the contrast in the operation of global market forces.
In the coming months, it will be crucial to observe whether positive signals, such as increased demand from China, will continue. We encourage you to follow our blog to stay up-to-date with the latest news and analysis from the global dairy market.
