The most recent International Dairy Commerce (GDT) occasion has concluded with the GDT worth index up 0.6%.

The typical worth was $3,610/MT with 29,570MT of product bought at right this moment’s (Tuesday, December 6) occasion.

There have been 118 profitable bidders, out of a complete of 156 taking part bidders on the occasion, throughout 17 bidding rounds lasting two hours and 35 minutes.

International Dairy Commerce occasion

There have been seven merchandise supplied at right this moment’s occasion with 5 merchandise exhibiting will increase, whereas two displayed decreases.

Skim Milk Powder (SMP) noticed a rise of 1.7% for a mean of $3,102/MT, whereas Butter Milk Powder (BMP) noticed the largest enhance of 4.7% for a mean of $2,979/MT.

Anhydrous Milk Fats (AMF) noticed a 1.8% enhance with a mean of $5,797/MT whereas cheddar additionally noticed a similiar enhance of 1.8% giving a mean of $4,826/MT.

Entire milk Powder (WMP) noticed the smallest lower in right this moment’s occasion, with a rise of 0.1%, averaging $3,400/MT. Candy Whey Powder was not supplied once more.

It’s the second GDT occasion in latest weeks which recorded the a slight enhance within the index.

Dairy markets

In the meantime, one of many largest firms buying and selling on dairy markets is Ornua. The group is structured throughout two divisions: Ornua Meals and Ornua Substances. Headquartered in Dublin, it has annualised gross sales of over €2.5 billion.

Ornua was just lately awarded the celebrated Firm of the 12 months award for 2022 at this yr’s Enterprise and Finance Awards.

Ornua CEO John Jordan accepted the award on behalf of the enterprise on the gala awards ceremony, held in Dublin’s Conference Centre.

The occasion was attended by main political, worldwide enterprise, and social leaders, together with president of the European Fee, Ursula von der Leyen, and Taoiseach, Micheál Martin.