Global Dairy Trade Event 326 has concluded with the GDT Price Index down by 1.5 per cent.
After a 3.2% gain earlier this month, the Global Dairy Index fell 1.5% in Tuesday’s trade.
Butter and Cheddar cheese prices were up, but powder and anhydrous milk fat prices fell.
Butter was up 3.8% to $4,922 a metric ton or $2.23 per pound.
Cheddar cheese prices were up 1.5% to $5,086 a ton or $2.30 per pound.
Whole milk powder fell 2% to $3,264 a ton or $1.48 per pound.
Skim milk powder was down 2.4% to $2,769 a ton or $1.25 per pound.
Anhydrous milk fat prices fell 2.6% to $5,447 a ton or $2.47 per pound.
Buttermilk powder, lactose, and sweet whey powder were not traded at Tuesday’s event.
Overall, 158 bidders participated Tuesday and 30,693 metric tons of dairy products were sold.
Feb. 21, 2023
edairynews.com
