Today, Global Dairy Trade published its 2020 Annual Report, providing key trading statistics for the year.
Demand and supply were heavily impacted by the Covid-19 pandemic during 2020, causing disruption for buyers and sellers on many fronts. We were fortunate as an online service to be well-positioned to maintain Trading Events throughout the year, supporting our buyers and sellers to continue trading throughout these volatile times.
GDT Events achieved an average clearance rate of 95% of offered quantity sold at year-end, resulting in a combined total of 678,076 metric tonnes.
The twice-monthly auction attracted an average of 178 active bidders per Trading Event, with a total of 319 bidders participating at least once during 2020.
Our Annual Report also includes a comprehensive range of GDT statistics, including: