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Dairy
Dairy Trends: GDT up 1.9% and butter breaks records
Aidan Brennan
The price of butter has broken the previous record set just two months ago, writes Aidan Brennan.
20 November 2024 Northern Ireland
GDT index rises to a 28-month high
A 1.9% increase at the second and final GDt event for November brings the price index to its highest value in 28 months.
19 November 2024 News
Dairy prices continue to rise at Global Dairy Trade
However, the index rise marks the second successive increase after there was a 4.8% increase on 5 November.
Positive GDT and Dutch auctions boost dairy markets
There were significant increase in butter and milk powder prices at key dairy auctions this week.
6 November 2024 Northern Ireland
GDT index increases by 4.8%
All dairy prices at the fortnightly event were up, bar lactose.
5 November 2024 News
Base milk prices in NI rise to over 40p/l
A number of milk processors have increased base prices for September with the biggest lift coming from Leprino Foods
16 October 2024 Northern Ireland
Cheddar price jumps as dairy prices drop at GDT
This is the first fall in the GDT index since 3 September this year as the market has increase by 2% in that time.
15 October 2024 News
Dairy Trends: mixed week for commodity prices
Butter price reverse in both Europe and at GDT auction, but cheddar and WMP prices increase.
2 October 2024 Markets
Cheddar price rises at GDT while butter falls
This is the second successive increase and the fifth in just two months since there was a sizeable drop of 6.9% on 2 July this year. Since then, the market has rebounded by 8%.
1 October 2024 News
European butter soars to new price highs
European dairy markets continue to strengthen, with butter hitting another high point at the weekly Dutch auction.
18 September 2024 Northern Ireland
Dairy Trends: premium for European dairy grows
The premium prices being paid for dairy in Europe is highlighted this week, as butter is over €2,100/t cheaper at the GDT auction, writes Aidan Brennan.
18 September 2024 Markets
Dairy prices rise at Global Dairy Trade auction
Prices for whole milk powder (WMP) and skim milk powder (SMP) were up 1.5% to €3,099/t and 2.2% to €2,525/t at the Global Dairy Trade auction.
17 September 2024 News