The Global Dairy Trade (GDT) index has seen a further gain today (Tuesday, April 15) after the latest trading event.
The GDT reported an increase of 1.6% in the index, reflecting an average price of €3,854/metric tonne (mt) of product sold.
The index figure sits at 1,285, the highest figure it has been since July 2022.
The result today is the second consecutive increase in the index, after three earlier consecutive results that were either negative or unchanged.
Of the 12 most recent GDT events (including today), dating back to November 5, 2024, the index has increased seven times, decreased four times, and was unchanged on one occasion.
Overall, 16,718mt of product was sold.
Looking at the individual product sub-indices, lactose recorded the highest increase, by a significant 22%, reflecting a price of €1,210/mt.
Mozzarella also performed well, increasing by 5.4% for a price of €4,187/mt; while whole milk powder (WMP) increased by 2.8% for a price of €3,666/mt.
Increases were also noted for anhydrous milk fat (up 2.1%) and butter (up 1.5%), reflecting prices of €6,011/mt and €6,750/mt respectively.
On the flip side, decreases were recorded for skim milk powder (down 2.3%) and cheddar (down 1.8%), reflecting prices of €2,457/mt and €4,327/mt.
Dairy processor prices
In Ireland, dairy processors are in the process of finalising and announcing their milk prices for March supplies.
Today, Dairygold announced that its March quoted milk price has once again been maintained at 50c/L.
This price is based on standard constituents of 3.3% protein and 3.6% butterfat, including sustainability and quality bonuses, and VAT.
Today’s announcement equates to an average March farm gate milk price of 55.3c/L, based on the average March 2025 milk solids, achieved by Dairygold milk suppliers, according to the processor.
The Dairygold announcement follows from that of Lakeland Dairies last week.
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