News

Global Dairy Trade index down fractionally Tuesday

The Global Dairy Trade event from Tuesday finished with the index down six-tenths of a percent.  The average price was $3,593 per metric ton.  More than half of the product sold was whole milk powder, and nearly one-fourth of the product sold was skim milk powder.

One hundred seventy-four bidders participated in the sale of 19,292 metric tons during a record 22 rounds of bidding.

Cheddar cheese, rennet casein, and skim milk powder indexes were up, while anhydrous milk fat, butter, buttermilk powder, and whole milk powder indexes were down.  Skim milk powder was up 5.5%, which is in part because of a high premium paid by one bidder for Fonterra ultra-high temperature pasteurized powder.