The Global Dairy Trade price index for dairy products rose by 1%

The weighted average price for dairy products at the 260th GDT auction was 2.907 USD/kg. Taking into account the weakening of the ruble against the dollar in comparison with previous auction, the average weighted price of dairy products in the Russian currency increased by 1.8% to 212.15 rubles/kg, which is 3.6% lower than in May 2019
In total, 16,787 tons of dairy products were sold at the auction, 345 tons more than at the previous auction. The number of bidders is 172.
Butter fell in price by 1.9%, and dehydrated milk fat increased by 2.7%. The price of whole milk powder decreased by 0.5%, the price of skimmed milk powder increased by 6.7%. The price of lactose also increased by 15.6%. The price of casein decreased by 1.9%, and the price of cheddar decreased by 6%.
The next Global Dairy Trade auction will take place on June 2, 2020.
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