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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