Higher prices and negative volume record at GDT – News Commodities

Higher prices and negative volume record at GDT – News Commodities
Higher prices and negative volume record at GDT – News Commodities
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Today 5:20 PM – Wouter Baan

During the Global Dairy Trade that took place today, there was finally room for higher prices again. However, the low traded volume also demands attention.

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With an increase of 2.8%, the average price rises to $3,558 per tonne. It is the largest increase since mid-February. However, the leak on the market has not yet been resolved, as the traded volume of 18,737 tonnes has reached a new low.

Cheddar stands out with an increase of 4.1%. Butter and whole milk powder also each recorded a plus of more than 3%. Butter thus rises almost unnoticed to its highest point in more than two years.

Little premium
With a modest increase of 1.4%, the weak milk powder market is slowing down, although an increase is already quite something. However, it is still the case that hardly any premium is paid for the delivery contracts later this year.

Lactose and buttermilk were traded at lower prices during the safe period than a fortnight ago.

The article is in Dutch

Tags: Higher prices negative volume record GDT News Commodities

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