Prices lower in GlobalDairyTrade event
The gDT-TWI index was down 8.3% 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 |
4,302 |
-7.6 |
|
Skim Milk Powder |
2,770 |
-8.9 |
|
Whole Milk Powder |
2,974 |
-7.7 |
Paul Grave, globalDairyTrade Manager, said the market was rebalancing amid increasing supply and an uncertain economic outlook.
For full results see www.globalDairyTrade.info.
The next globalDairyTrade trading event will be held on 7 September 2010.