Prices at the Global Dairy Trade auction continued to decline
The weighted average price of dairy products at the 286th GDT auction was 4,083 USD / kg. Taking into account the strengthening of the ruble against the dollar compared to the previous auction, the weighted average price of dairy products in the Russian currency decreased by 3.3% to 292.7 rubles/kg, which is 39.6% higher than in June 2020.
In total, 21,522 tons of dairy products were sold at the auction, 1.3 thousand tons less than at the previous auction. The number of bidders -160.
At the auction, prices for butter (-1.7%), whole milk powder (-1.8%) and skimmed milk powder (-1.7%) decreased, while prices for dehydrated milk fat (+0.6%), lactose (+0.4%) and cheddar (+0.2%) increased.
The next Global Dairy Trade auction will take place on July 6, 2021.
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