After 11 consecutive rises, prices at Tuesday’s Global Dairy Trade auction fell by 1.2%.
Butter prices at the latest auction fell 3.2% while cheddar prices were up 15.2%.
Skim milk powder (SMP) prices were up marginally, by 0.5%, while whole milk powder (WMP) prices were down 2.1%.
Key resultsAMF index down 1.4%, average price US$6,140/t.Butter index down 3.2%, average price US$5,297/t.BMP not offered.Cheddar index up 15.2%, average price US$4,851/t.LAC index up 0.6%, average price US$893/t.RenCas index up 5.1%, average price US$6,916/t.SMP index up 0.5%, average price US$2,529/t.SWP index not available, average price not available.WMP index down 2.1%, average price US$3,180/t.
As reported in last week's Irish Farmers Journal cheese and SMP prices are rising across Europe, with the arrival of summer giving a lift to cheese markets.
Spot prices for cheddar and gouda lifted last week to €3,200/t and €3,000/t. respectively.
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