Drought in Russia: Grain region particularly affected
In Russia, the main region for grain cultivation has been experiencing dry conditions for weeks. This is likely to result in lower yields and poorer quality than previously expected.
The average price for dairy products at the "Global Dairy Trade" trading platform has increased significantly by 4.6% to $4,516 per ton. The highest price increase was seen in lactose.
The average price across all products and time periods on the international trading platform "Global Dairy Trade" has shown a clear increase this week. The price has risen by 4.6% to $4,516 per ton. This has led to the Global Dairy Trade price index increasing to 1,344 points.
Almost all products have seen an increase in price. The following products experienced a price increase: lactose (+16.8% to $1,611 per ton), butter (+3.8% to $7,992 per ton), skim milk powder (+0.5% to $2,828 per ton), buttermilk powder (+6.2% to $3,060 per ton), whole milk powder (+6.2% to $4,374 per ton), cheddar cheese (+12.0% to $5,519 per ton), and butter oil (+5.4% to $7,212 per ton). Only mozzarella saw a price decrease (-0.3% to $4,752 per ton).
The traded volume was at a similar level of 16,714 tons compared to the auction on April 15 (16,718 tons). The auction takes place every two weeks.
The average price across all products and time periods on the international trading platform "Global Dairy Trade" has shown a clear increase this week. The price has risen by 4.6% to $4,516 per ton. This has led to the Global Dairy Trade price index increasing to 1,344 points.
Almost all products have seen an increase in price. The following products experienced a price increase: lactose (+16.8% to $1,611 per ton), butter (+3.8% to $7,992 per ton), skim milk powder (+0.5% to $2,828 per ton), buttermilk powder (+6.2% to $3,060 per ton), whole milk powder (+6.2% to $4,374 per ton), cheddar cheese (+12.0% to $5,519 per ton), and butter oil (+5.4% to $7,212 per ton). Only mozzarella saw a price decrease (-0.3% to $4,752 per ton).
Here is how the price index has evolved in recent years. (Image source: Global Dairy Trade)
The traded volume was at a similar level of 16,714 tons compared to the auction on April 15 (16,718 tons). The auction takes place every two weeks.