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The first GDT auction of 2025 sends mixed signals from the southern hemisphere on direction of travel for dairy markets.
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The price of butter has broken the previous record set just two months ago, writes Aidan Brennan.
The Global Dairy Trade auction result is a really positive sign for the dairy trade, as New Zealand heads towards peak milk production.
Butter and whole milk powder regained some of the ground lost in recent weeks as the dairy market begins to stabilise, writes Aidan Brennan.
Butter prices took the biggest hit on the European spot market this week as the market reacts to a change in sentiment writes Aidan Brennan.
Butter prices continue their surge into record territory, with cheddar also posting a big increase last week.
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.
There was a return to stability in the butter market this week, while prices for most other commodity types increased, writes Aidan Brennan.
Butter has broken the 2022 record in Europe and all other dairy commodities are flying, writes Aidan Brennan.
The prices being paid for butter have surpassed the 2022 peak price and further gains over the coming weeks are expected.
