Dairy prices fall, volumes drop at auction -GDT Events

Fonterra Shareholders' Fund

02/12/2025 14:45

Dec 2 (Reuters) - International milk prices fell while volumes dropped
in this month’s first Global Dairy Trade auction held by GDT Events.

The GDT Price Index dipped 4.3%, with an average selling price of $3,507 per metric ton, in
the auction held on Tuesday.

The index fell 3% at the previous sale,  according to GDT Events.

A total of 34,282 tons was sold at the latest auction, falling 11.2% from the previous one, the auction platform said on its website (www.globaldairytrade.info).

The auctions are held twice a month, with the next one scheduled for December 16.

The auction results can affect the New Zealand dollar  NZD=  as the dairy sector generates more than 7% of the nation's gross domestic product.
The New Zealand milk co-operative, which is owned by about 10,500 farmers, controls nearly a third of the world dairy trade.

GDT Events is owned by New Zealand’s Fonterra Co-operative Group Ltd  FCG.NZ , but operates independently from the dairy giant.
U.S.-listed CRA International Inc  CRAI.O  is the trading manager for the twice-monthly Global Dairy Trade auction.

(Bangalore Commodities desk)
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