Dairy commodities are edging upward at key auctions in Europe and New Zealand.
Dairy commodity markets continue to strengthen, with butter and powder recording significant price increases at the bi-monthly GDT and weekly Dutch Dairy Board (DDB) auctions.
On Tuesday, the GDT index rose by 3.3% to a 19-month high of 1,143, with 10 of the last 12 auctions ending with higher prices recorded.
Butter jumped by 5.1% to US $6,931/t, putting the commodity at its highest value since March 2022.
Skim milk powder (SMP) rose by 3.5%, while whole milk powder (WMP) increased by 2.9%.
On Wednesday, the DDB auction saw butter price increase for the fourth week in a row, jumping €430 to €6,480/t.
It means European butter is now at its highest value since October 2022.
SMP rose by €50 to €2,440/t with WMP up by a similar amount to finish at €3,700/t.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access for 30 days.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Dairy commodity markets continue to strengthen, with butter and powder recording significant price increases at the bi-monthly GDT and weekly Dutch Dairy Board (DDB) auctions.
On Tuesday, the GDT index rose by 3.3% to a 19-month high of 1,143, with 10 of the last 12 auctions ending with higher prices recorded.
Butter jumped by 5.1% to US $6,931/t, putting the commodity at its highest value since March 2022.
Skim milk powder (SMP) rose by 3.5%, while whole milk powder (WMP) increased by 2.9%.
On Wednesday, the DDB auction saw butter price increase for the fourth week in a row, jumping €430 to €6,480/t.
It means European butter is now at its highest value since October 2022.
SMP rose by €50 to €2,440/t with WMP up by a similar amount to finish at €3,700/t.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS