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Global Dairy Prices Fall For Second Consecutive Month

Published on Jun 5 2019 3:50 PM in Supply Chain tagged: Cheese / Milk / GDT Events / Global Dairy Prices

Global Dairy Prices Fall For Second Consecutive Month

Global dairy prices fell for the second time in a row at the latest auction held today (Wednesday 5th June), after previously experiencing ten consecutive increases.

The drop was due to strong supply as prices eased off after a long rally at the beginning of the year.

According to GDT Events, the GDT Price Index fell by 3.4%, with an average selling price of $3,423 per tonne.

The index fell 1.2% at the previous sale.

Softer Prices

The most traded item was whole milk powder, which still saw a decline of about 1.5%.

Skim milk powder fell by 4%, while buttermilk powder fell by 10.1%.

Cheddar fell by 14% and butter fell by 10.3%.

The only products that increased their sales were lactose (+0.4%) and Rennet Casein (+4.2%).

A total of 19,874 tonnes was sold at the latest auction, an increase of 28.1% on the last auction.

© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click sign-up to subscribe to Checkout.

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