GDT records price increase for April : vimarsana.com

GDT records price increase for April


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After a negative auction in late March, the first GDT event of April got back on track with price increases across key commodities.
The first GDT event for April recorded a small increase of 0.3% which brings the index to US $4,081/t and on par with levels last seen in spring 2014.
Twelve out of the last 14 GDT events have now recorded a positive outcome, which bodes well for dairy markets through the spring flush.
Butter rose by 2%, with cheddar up 2.2%. Skim milk powder rose by 0.6% ,with whole milk powder unchanged.
Meanwhile, DAERA statistics show that farmgate milk prices averaged 29.3p/l during January, up 2.38p/l on the same month last year.

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