The global dairy trade (GDT) index has fallen for a second consecutive occasion at this Tuesday’s auction.
The trading event finished with the GDT index down 2.8% on the previous auction a fortnight ago, where the index fell by 2.3%, which represented the first drop since November.
All products bar anhydrous milk fat dropped in price since the last event, which was up 2.5% to €6,238/t.
Skim milk powder (SMP) saw the largest percentage decrease, back 4.8% to €2,311/t.
Whole milk powder
The price of whole milk powder (WMP) also fell to €2,886/t a 4.2% drop.
Lactose also fell significantly. It decreased 4.4% to €714/t.
The price of cheddar was back 1.9% to €3,849/t, while mozzarella fell by 1% to €3,585/t.
Butter decreased since the last auction by 1.4% to €5,883/t.
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