News

Global Dairy Trade index up again

The Global Dairy Trade index is up for a fifth straight trading session.  The index rose 4.2% with an average price of $3,571 per metric ton Tuesday morning.

The butter market jumped 10.3% higher to $6,516 per metric ton or $2.95 per pound.

Cheddar cheese rose 6.3% to $4,469 per metric ton or $2.02 per pound.

Skim milk powder was up 4.6% to $2,758 per metric ton or $1.25 per pound.

Whole milk powder was also up 3.4% to $3,463 per metric ton or $1.57 per pound. 

Anhydrous milk fat prices rose 3.3% to $6,033 per metric ton or $2.73 per pound.

Lactose prices were up 2.6% to $785 per metric ton or $0.35  per pound

Buttermilk powder went up 1.2% to $2,412 per metric ton or $1.09 per pound.

The only product that lost value in Tuesday’s trading event was Mozzarella cheese, which fell 1.8% to $3,760 per metric ton or $1.70 per pound.

There were 104 winning bidders in 21 bidding rounds Tuesday, selling 24,836 metric tons of dairy products.