News

Global Dairy Trade index falls 2.3%

The Global Dairy Index fell 2.3% in Tuesday’s trading session.

Prices for Cheddar cheese, buttermilk powder, lactose, and anhydrous milk fat rose while prices for skim and whole milk powder, butter, and Mozzarella cheese went down.

Lactose prices rose 4.8% to $818 per metric ton or $0.37 per pound.

Cheddar cheese was up 4% to $4,277 a metric ton, or $1.94 per pound.

Buttermilk powder rose 3.7% to $2,504 per metric ton or $1.13 per pound.

Anhydrous milk fat was up 1.4% to $6,637 per metric ton or $3.01 per pound.

Mozzarella cheese prices were down four-tenths of a percent to $3,945 per metric ton or $1.78 per pound.

Butter fell 1% to $6,461 per metric ton or $2.93 per pound.

Whole milk powder prices dropped 2.8% to $3,286 per metric ton or $1.49 per pound.

Skim milk powder dropped 5.2% to $2,640 per metric ton or $1.19 per pound.

Tuesday’s trading event moved 21,235 metric tons of dairy products in fourteen rounds of bidding with 125 winning bidders.