The latest Global Dairy Trade (GDT) auction recorded an overall 4.3% drop in the value of the index compared to the last auction.

Whole milk powder dropped by 5.3% to €3,251/t at the auction which was held on Tuesday 2 September.

There was also a decrease recorded in skim milk powder of 5.8% which was one of the biggest drops at this auction.

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Anhydrous milk fat also saw a reduction of 2.6% at this auction while a decrease of 2.6% was recorded for butter.