At the Global Dairy Trade auction the price index for dairy products fell by 4.2%

The weighted average price for dairy products at the 258th GDT auction was 2.836 USD/kg. Taking into account the strengthening of the ruble against the dollar compared to previous trading, the average weighted price of dairy products in the Russian currency decreased by 6.7% to 211.75 rubles (about 2.53 euros)/kg, which is 4.4% lower than in April 2019.
In total, 20,601 tons of dairy products were sold at the auction, 299 tons more than at the previous auction. The number of bidders is 153.
Butter fell in price by 3.6%, and dehydrated milk fat by -7%. The price of whole milk powder decreased by 3.9%, the price of skimmed milk powder decreased by 4.9%. The price of casein also decreased by -3%. The price of lactose increased by 12%, the price of cheddar increased by 1.9%.
The next Global Dairy Trade auction will be held on May 5, 2020.
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