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Skim milk powder prices increased, while whole milk powder prices dropped slightly.
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The US share of the global dairy trade has increased from 10% to 14% since 2017, while cheese exports out of Argentina and Uruguay have also grown significantly in this period.
High supplies and low demand are causing further dairy market price corrections, with the GDT the latest to be hit, writes Aidan Brennan.
A decrease in prices were seen right across the board at Tuesday's auction.
The drop in prices at the Global Dairy Trade auction was mirrored by price falls at the European spot market, writes Aidan Brennan.
Reductions were seen in all products except lactose, which rose by 4.2% or €1,466/t.
Aidan Brennan reports from the latest developments in the dairy markets, with an update from the GDT auction and European spot market.
The increase represents a month-on-month rise of 2.2% in Ornua’s PPI.
At the heart of the community: more than just a pub The rural pub has been more than just somewhere to stop for a drink. It is a meeting place, a social outlet and an important part of community life, bringing together farmers, families & local groups.