News

Global Dairy Trade index up to start new year

The Global Dairy Trade index rose 1.2% in the first trading session of the new year Tuesday.  It’s the third straight trading event with a rise in the index.

The average price  was $3,363 dollars per metric ton.

Whole milk powder values rose 2.5% to $3,290 per metric ton or $1.49 per pound.

Butter was up 2.1% to $5,514 per metric ton or $2.50 per pound.

Anhydrous milk fat rose 0.2% to $5,595 per metric ton or $2.53 per pound.

Mozzarella cheese held steady at $3,960 per metric ton or $1.79 per pound.

Butter milk powder was down 0.1% to $2,384 per metric ton or $1.08 per pound.

Skim milk powder prices were down 0.9% to $2,613 per metric ton or $1.18 per pound.

Cheddar cheese was down 2.4% to $4,165 per metric ton or $1.88 per pound.

Lactose was down 5% to $753 per metric ton or $0.34 per pound.

One hundred fifteen winning bidders purchased 26,206 metric tons of dairy products in twenty rounds of trading Tuesday.