At the Global Dairy Trade auction, the price of skimmed milk powder continues to rise
The weighted average price for dairy products at the 293rd GDR auction was 3.977 USD/kg. Taking into account the strengthening of the ruble against the dollar compared to previous auctions, the weighted average price of dairy products in the Russian currency decreased by 1.4% to 290 rubles / kg, which is 18.1% higher than at the beginning of October 2020.
In total, 28,667 tons of dairy products were sold at the auction, 4.2 thousand tons more than at the previous auction. The number of bidders is 179.
Prices for skimmed milk powder (+0.5%), lactose (+0.4%) continued to rise at the auction, prices for butter (+0.4%), dehydrated milk fat (+0.4%), buttermilk (+9.7%) and cheddar (+0.7%) increased, the price of whole milk powder (+0.4%) decreased.
The next Global Dairy Trade auction will take place on October 19, 2021.
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