After 11 consecutive rises, prices at Tuesday’s Global Dairy Trade auction fell by 1.2%.

Butter prices at the latest auction fell 3.2% while cheddar prices were up 15.2%.

Skim milk powder (SMP) prices were up marginally, by 0.5%, while whole milk powder (WMP) prices were down 2.1%.

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Key results

  • AMF index down 1.4%, average price US$6,140/t.
  • Butter index down 3.2%, average price US$5,297/t.
  • BMP not offered.
  • Cheddar index up 15.2%, average price US$4,851/t.
  • LAC index up 0.6%, average price US$893/t.
  • RenCas index up 5.1%, average price US$6,916/t.
  • SMP index up 0.5%, average price US$2,529/t.
  • SWP index not available, average price not available.
  • WMP index down 2.1%, average price US$3,180/t.

    • As reported in last week's Irish Farmers Journal cheese and SMP prices are rising across Europe, with the arrival of summer giving a lift to cheese markets.

    Spot prices for cheddar and gouda lifted last week to €3,200/t and €3,000/t. respectively.

    Read more

    Dairy markets: cheese and milk powder prices rising in Europe

    Dairy markets: German milk production rises in March