GDT annual report confirms it is the World’s key dairy price barometer
Posted on: 22/02/22
GDT started in 2008 and has grown into a huge successful global trading platform.
Fonterras vision for GDT “to be the world pre-eminent price discovery platform for core dairy products” has certainly been achieved.
Headlines from the 2021 review include;
626,747 tonnes traded (down 7.6% on 2020) valued at US $2.5 billion (£1.84 billion)
273 winning bidders out of 304 registered bidders from 70 countries
The average auction price increase was +30% in 2021 hitting a 7 year monthly high in December. The auction achieved 96% clearance of all lots offered in 2021.
WMP + SMP account for 79% of all traded product.