Global dairy prices have risen for the second consecutive event after six months of declines.
The recent Global Dairy Trade event (GDT) closed with the GDT Price Index up by 1.7%, following a 2.2% increase in the last event.
The average selling price at this event was $2,844 per tonne, compared to $2,819 at the last event.
Butter once again experienced the highest increase, growing by 4.9%, selling at $3,928 per tonne.
Skim Milk Powder, up 3.4% selling at $2,042, Cheddar, up 2.2% selling at $3,263 per tonne, Lactose, up 1.6% selling at $935 per tonne, and Whole Milk Powder, up 0.3% selling at $2,674 per tonne, all experienced growth.
Rennet Casein was the only product to experience negative growth, dropping 2.1% selling at $5,056 per tonne.
Butter Milk Powder and Sweet Whey Powder were not sold at this event.
The total amount sold was 36,181 tonnes, which was a 0.7% drop from the previous event which sold a total of 36,450 tonnes.
© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition.