Prices increased 1.2% at Tuesday’s Global Dairy Trade auction.
This week’s auction was the first rise since January and comes as European dairy prices are falling and US dairy markets are at their lowest in 10 years.
Prices for skimmed milk powder (SMP) were down 0.8% at this week’s auction, while whole milk powder (WMP) prices were up 2.1%.
Butter prices were up 4.5% and cheddar prices were up 0.2%.
ResultsAMF index up 0.4%, average price €3,989/t.Butter index up 4.5%, average price €3,914/t.BMP index down 11.9%, average price €2,245/t.Cheddar index up 0.2%, average price €4,035/t.LAC index up 4.4%, average price €880/t.RenCas index down 2.6%, average price €8,922/t.Skimmed milk powder (SMP) index down 0.8%, average price €2,308/t.SWP index not available, average price not available.Whole milk powder (WMP) index up 2.1%, average price €2,589/t.
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