The Global Dairy Trade (GDT) index rose after the latest trading event today (Tuesday, May 5), after two consecutive declines.
The index rose 1.5% today, the first increase since a slight 0.1% increase on March 17.
These two results were separated by a decline in the index of 3.4% and 2.7% (on April 7 and April 21, respectively).
The index, which is updated every two weeks, now stands at 1,214 points, compared to 1,196 points two weeks ago.
This increase reflects an average price of €3,527/ton, with 13,743 tons of product sold.
167 bidders participated in the trading session, with 92 winning bidders emerging across 19 bidding rounds, which lasted for three hours and six minutes.
Looking at the individual product sub-indices, Butter Milk Powder (BMP) saw a strong performance, with its index rising by 9% at €2,963/ton.
Mozzarella cheese had the next strongest showing, with the index rising by 4.7% at €3,427/ton.
The lactose index rose by 3.7% at €1,301/ton, while the skim milk powder index rose by 3% at €3,032/ton.
Other increases were in whole milk powder, which rose by 2.2% at a price of 3,197 euros/ton; Anhydrous milk fat (AMF), which rose by 1.1% at €5,522/ton.
However, there were some discounts on some products.
The price of cheddar cheese decreased by 3.6% at 3,941 euros/ton, while the price of butter decreased by 2.6% at 4,722 euros/ton.
Whey investment
In other international dairy news, FrieslandCampina, one of the world’s “largest dairy companies”, said: It announced that it is investing in a whey production network in the Netherlands.
The company said it is expanding its ability to convert whey from endogenous sources into premium protein ingredients for performance, active nutrition, early nutrition and medical nutrition.
The €90 million investment will see technology upgrades implemented across multiple production sites to support the manufacturing of advanced protein products.
“Global demand for high-value whey proteins continues to grow across sports nutrition, lifestyle nutrition and specialized medical applications,” the Dutch Dairy Association said.
