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Global Dairy Trade index falls sharply

The Global Dairy Trade index dropped 6.9% in Tuesday’s trading session. 

Only lactose had a small price increase, while all other dairy product values fell.

Overall, 113 winning bidders purchased 24,138 metric tons of dairy products during 16 rounds of bidding.

Anhydrous milk fat prices fell 10.7% to $6,517 per metric ton or $2.95 per pound.

Butter was down 10.2% to $6,546 per metric ton or $2.96 per pound.

Cheddar cheese fell 6.9% to $3,980 per metric ton or $1.80 per pound.

Butter milk powder was down 5.1% to $2,672 per metric ton or $1.23 per pound.

Skim milk powder fell 6.1% to $2,586 per metric ton or $1.17 per pound.

Whole milk powder was down 4.3% to $3,218 per metric ton or $1.45 per pound.

Lactose prices rose six tenths of a percent to $804 per metric ton or $0.36 per pound.

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