Prices Fall In globalDairyTrade Event
The gDT-TWI index was down 13.7% after the latest globalDairyTrade trading event.
The trading manager, CRA International, advised that average prices across all contracts and contract periods were as follows:
-
Average price
US $ per tonne FAS
% change
Anhydrous Milk Fat
4,620
-14.1 %
Skim Milk Powder
3,067
-11.8 %
Whole Milk Powder
3,224
-14.8%
Paul Grave, globalDairyTrade Manager, said the result reflected supply increasing globally in response to what has been a very strong price signal over recent months. Concerns in the market about short term product availability, which to a large extent underpinned recent high prices, appear to have eased.
For full results see www.globalDairyTrade.info.
The next globalDairyTrade trading event will be held on 4 August 2010.
