Search our website enhanced by Google.
International dairy prices pass peak on GDT
Wednesday, 20 April 2022
Prices on the New-Zealand based Global Dairy Trade (GDT) platform have eased off in the last few weeks, suggesting that sky-high prices may have peaked. The overall price index reached a record high[1] at US$5,065 on the 1 March event. Since then, the overall price index fell by around 1% at both the 15 March and 5 April events, and at the latest event (19 April) it fell by 3.6%. The overall index now sits at US$4,855. All products traded at the latest event saw a decline in price.
While tight global milk supplies and the need to cover rising costs have supported prices in recent months, there will inevitably come a time when high prices cause a reduction in demand and a subsequent price correction. Some reports indicate that volumes purchased by the North Asia region were particularly weak at the 19 April event. Although GDT is a global platform, it primarily facilitates trades between Oceania and Asia, so demand from that region has a stronger influence on prices.
Overall, prices are still running high despite the recent declines, and it may not be the case that prices in other regions will follow the same path. For example, weekly EU dairy wholesale prices have generally risen through March and the first half of April.
[1] On our records going back to July 2008
Sign up to receive the latest information from AHDB.
While AHDB seeks to ensure that the information contained on this webpage is accurate at the time of publication, no warranty is given in respect of the information and data provided. You are responsible for how you use the information. To the maximum extent permitted by law, AHDB accepts no liability for loss, damage or injury howsoever caused or suffered (including that caused by negligence) directly or indirectly in relation to the information or data provided in this publication.
All intellectual property rights in the information and data on this webpage belong to or are licensed by AHDB. You are authorised to use such information for your internal business purposes only and you must not provide this information to any other third parties, including further publication of the information, or for commercial gain in any way whatsoever without the prior written permission of AHDB for each third party disclosure, publication or commercial arrangement. For more information, please see our Terms of Use and Privacy Notice or contact the Director of Corporate Affairs at info@ahdb.org.uk © Agriculture and Horticulture Development Board. All rights reserved.