News

Global Dairy Trade index up Tuesday

The Global Dairy Trade index rose 1.6% in Tuesday’s trading session. 

The biggest price jump was in the Cheddar cheese market, where the index rose 9.7% to $3,986 dollars a metric ton, or $1.80 per pound. 

Lactose values rose 5.3% to $793 dollars per metric ton or $0.35 per pound.

Butter milk powder was up 2.8%, closing at $2,387 a ton or $1.08 per pound. 

Whole milk powder rose 2.1% to $3,104 per metric ton, or $1.40 per pound. 

Skim milk powder was also up by 1.2% to $2,671 per metric ton, or $1.21 per pound. 

Butter prices rose 0.7% to $4,936 per ton or $2.23 per pound. 

Anhydrous milk fat held steady at $5,573 per metric ton, or $2.52 per pound. 

The Global Dairy Trading platform is now available for trading Mozzarella cheese, but none was available for Tuesday’s trading event. The quoted price is $4,005 dollars per metric ton or $1.81 per pound. 

None of the dairy products on the Global Dairy Trading platform lost value in Tuesday’s session. There were 14 rounds of trading with 123 successful bidders out of 168 participants selling 29,559 metric tons of dairy products Tuesday. The next Global Dairy Trading event is scheduled for December 19th, 2023.