The Global Dairy Trade auction concluded this Tuesday with the price index down 0.4%. This is its fourth consecutive fall, with butter and butter milk powder taking the largest hits.

Some 24,700t of product was sold to 122 bidders.

The butter index fell 4.8%, with the butter milk powder index down 11.9%.

Meanwhile, the anhyrdrous milk fat and cheddar indexes fell by 1.9% and 1.5% respectively.

The skimmed milk powder index was up 3.2% and the whole milk powder index was unchanged.

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