News
Global Dairy Trade prices decline again
The semi-monthly Global Dairy Trade Auction on Tuesday saw the overall price decline another 8.9 percent from the July 1st sale. This is the biggest drop since the April 1st sale and the tenth decline in the last eleven sales. Since early February, the GDT Price Index has plunged from 1,482 to 961, the Index is the lowest it has been since October 2, 2012.
No lactose or milk protein concentrate was sold, everything else saw a price decline. Butter slipped 1.1 percent, cheddar cheese down 1.6 percent, butter milk powder declined 4.6 percent, skim milk powder down 7.1 percent, rennet casein dropped 8.9 percent, anhydrous milkfat tumbled 10 percent and whole milk powder dumped 10.9 percent from the previous sale.
Read the latest GDT report here:
Add Comment