Global Dairy Trade Event 269 concluded with the GDT Price Index up by 2.2%.

The total quantity sold was 35,090 MT through 17 bidding rounds and 190 bidders.

Key Results

AMF: US$4,131/MT (up 5.4%)
Butter: US$3,561/MT (up 8.4%)
BMP: US$2,569/MT (up 9.1%)
Ched: US$3,694/MT (up 0.4%)
LAC: US$1,182/MT (down 7.4%)
SMP: US$2,865/MT (down 0.9%)
WMP: US$3,041/MT (up 1.7%)

GDT Event Summary:

The total offered volume for Event 269 (6 Oct 2020) was 35,640 MT which was about 2.5% lower than previous Event 268 (15 Sep 2020) which is mainly due to Butter and AMF volumes.

This has impacted the increase in the price of both the commodities.

Of the total volume offered, the share of WMP and SMP was about 79% (share of WMP was highest at 62% followed by SMP at 17%).

Volume Offered

Price Trend:

Based on the contracted price for next six months, the change in price over the last event was positive for all products except SMP.

Contract-wise Price (US$/MT):

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