The latest Global Dairy Trade Auction (GDT) has concluded with a 1.9% increase, marking the eighth consecutive auction where an increase in average price was recorded.
Butter and cheddar both recorded an increase, with butter prices surging by 9% up to US$5,089 (€4,482)/MT, while cheddar increased by 3.9% to US$4,036 (€3,555)/mt.
Whole milk powder (WMP) was also up, with a 4% increase to US$3,317 (€2,921)/mt.
SMP
Skimmed milk powder (SMP) recorded a drop of 2.4%, to an average price of US$2,405 (€2,118)/mt.
Overall, there were 112 winning bidders with 174 bidders taking part. A total of 21,713mt were sold.
Read more
GDT index rises again as whole milk powder prices soar
Dairygold announces cut in milk price for February
The latest Global Dairy Trade Auction (GDT) has concluded with a 1.9% increase, marking the eighth consecutive auction where an increase in average price was recorded.
Butter and cheddar both recorded an increase, with butter prices surging by 9% up to US$5,089 (€4,482)/MT, while cheddar increased by 3.9% to US$4,036 (€3,555)/mt.
Whole milk powder (WMP) was also up, with a 4% increase to US$3,317 (€2,921)/mt.
SMP
Skimmed milk powder (SMP) recorded a drop of 2.4%, to an average price of US$2,405 (€2,118)/mt.
Overall, there were 112 winning bidders with 174 bidders taking part. A total of 21,713mt were sold.
Read more
GDT index rises again as whole milk powder prices soar
Dairygold announces cut in milk price for February
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