22/06/2024

International dairy prices take a small dip

This week's GDT auction ended with a price drop of 0.5 per cent. , which is the first drop since March.

Global Dairy Trade traded dairy products again on Tuesday between some of the industry’s biggest players, with 16,787 tonnes of dairy products changing hands in 159 trades. This gave an average price of USD 3,893/ton. Butter otherwise did well with an increase of 6.2 per cent, but whole milk powder went the other way and the auction ended in an overall loss.

  • Whole milk powder – 2,5 percent at USD 3,394/ton
  • Skim milk powder  +0,7 percent at USD 2,766/ton
  • AMF (milk fat) – 1,2 percent at USD 7,317/ton
  • Butter + 6,2 percent at USD 7,350/ton
  • Cheddar – 1,0 percent at USD 4,205 ton
  • Lactose + 1,9 percent at USD 801/ton

See more: GDT Events Results » GlobalDairyTrade

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