GlobalDairyTrade trade weighted index

From the 5 May globalDairyTrade trading event Fonterra will be publishing a dairy price index, the gDT-TWI (globalDairyTrade Trade Weighted Index).

The index shows the percentage change in the average price of the basket of products currently traded on globalDairyTrade, weighted by total international dairy product trade flows.

The platform’s growth means that it now captures up to 30 prices over a number of products and contract periods. The gDT-TWI addresses the need for a constant “headline” number that tracks the market for these products.

The gDT-TWI indicates the overall average percentage change in price of the basket of products traded since the previous event – that is, how the market generally is moving - the general pricing trend for the market, and the level of current prices relative to historic prices.

The index, and prices achieved for individual products and contract periods, are published on www.globaldairytrade.info under the latest results tab.

Click here for more details.