Dairy prices at Tuesday’s Global Dairy Trade auction increased by 1.8%, the sixth consecutive rise in prices.
Prices for butter milk powder (BMP) drove the increase in this week’s auction, with prices up 10.7% to an average of €2,644/t.
The average price for whole milk powder (WMP) was €2,875/t, an increase of 2.3%.
Butter prices were also up, by 6.2% to €4,181/t and cheddar prices were up 2.3% to €3,474/t.
Prices for skim milk powder were down 1.5% to €2,659/t.
EU markets
As reported in last week's Irish Farmers Journal European dairy markets have been on a firm upward curve since the beginning of 2021.
Export demand and a seasonal drop in EU milk production are driving positive dairy market sentiment at the moment.
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Dairy prices at Tuesday’s Global Dairy Trade auction increased by 1.8%, the sixth consecutive rise in prices.
Prices for butter milk powder (BMP) drove the increase in this week’s auction, with prices up 10.7% to an average of €2,644/t.
The average price for whole milk powder (WMP) was €2,875/t, an increase of 2.3%.
Butter prices were also up, by 6.2% to €4,181/t and cheddar prices were up 2.3% to €3,474/t.
Prices for skim milk powder were down 1.5% to €2,659/t.
EU markets
As reported in last week's Irish Farmers Journal European dairy markets have been on a firm upward curve since the beginning of 2021.
Export demand and a seasonal drop in EU milk production are driving positive dairy market sentiment at the moment.
Read more
Teagasc calls foul on New Zealand's carbon claims
New Zealand advised to cut national herd
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