Global Dairy Trade Price Index (GDT)

The Global Dairy Trade Price Index (GDT) is a leading indicator used to track and evaluate the prices of dairy products in the global dairy trade. It is managed by Global Dairy Trade (GDT), a New Zealand-based company that operates one of the world’s leading dairy product trading platforms and conducts regular auctions for various dairy products.

The GDT is used to determine and monitor prices in the global dairy product market. It achieves this through auctions conducted between buyers and sellers from different regions worldwide. These auctions facilitate the trading of various dairy products such as skim milk powder, whole milk powder, butter, cheese, and more.

The GDT Price Index is a metric used to measure the changes in dairy product prices. It reflects the percentage change in prices compared to the previous auction and helps determine the overall trend in the global dairy product market. Essentially, the index represents the relative price movement based on a specific base period.

A high GDT Price Index indicates an increase in dairy product prices, while a low index indicates a decrease in prices. This index is an important tool for dairy producers, exporters, importers, and other stakeholders in the dairy industry to understand price trends and market dynamics.

The GDT Price Index can reflect the balance between supply and demand in the dairy product market and illustrate how prices are changing. For instance, prices may rise due to increased demand or decreased supply, while prices may fall due to decreased demand or increased supply.

The Global Dairy Trade Price Index is a valuable tool for tracking price fluctuations in dairy product trading and understanding the overall market trend. It serves as a valuable source of information for companies, investors, and other stakeholders in the dairy industry.