Third consecutive fall in global price index since February 2023
The global dairy price index has fallen again by 2.6% to reach at a level of USD 3361 per Metric Ton.
148 bidders transacted volumes of 26795MT in the auction held on March 21st 2023 at GDT.
The key results are as follows :
AMF index down 3.8%, average price US$5,150/MT
Butter index down 3.0%, average price US$4,748/MT
BMP index not available, average price not available
Ched index down 10.2%, average price US$4,052/MT
LAC index not available, average price not available
SMP index down 3.5%, average price US$2,648/MT
WMP index down 1.5%, average price US$3,228/MT
Latest price for SMP and Butter landed in India will be around Rs 225 per kgs and Rs 405 per kgs respectively.
Source : The global dairy trade website March 21st 2023