Overall prices slipped 1% to $3,204/t with whole milk powder (WMP) prices down 0.5% to $3.014/t, butter prices down 2.5% to $5,735/t and skim milk powder (SMP) suffered a significant drop.

SMP, which has been under pressure for almost two years, was down 5.6% to $1,797/t.

The only price increase was for anhydrous milk fat which was up 5.2% to $6,841/t.

The next GDT auction takes places in two weeks’ time.

Read more

Germans lead the way on global milk price

SMP stocks must be sold – Hogan

Dairy markets: SMP prices plunge further as intervention closes