Global Dairy Index up slightly Tuesday

Published 2024년 7월 17일

Tridge summary

The Global Dairy Index experienced a slight increase, rising 0.4% in Tuesday's trading session with an average price of $3,837 per metric ton. Despite this overall increase, not all dairy products saw price gains. Cheddar cheese, anhydrous milk fat, and butter prices rose, whereas Lactose, Mozzarella cheese, skim milk powder, and whole milk powder prices declined. The auction saw 118 winning bidders in 19 rounds, leading to the sale of 22,954 metric tons of dairy products. Specific price increases included Cheddar cheese at +6.2%, anhydrous milk fat at +4%, and butter at +0.8%. Conversely, whole milk powder, skim milk powder, and Mozzarella cheese prices fell by 1.6%, 1.1%, and 0.8% respectively. Lactose prices also decreased by 0.6%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Global Dairy Index is up slightly. Tuesday’s trading session saw the price index go up four-tenths of a percent with an average price of $3,837 per metric ton. Cheddar cheese, anhydrous milk fat, and butter prices were up, while Lactose, Mozzarella cheese, skim milk powder and whole milk powder prices went down. There were 118 winning bidders in 19 rounds of auction Tuesday, with a total of 22,954 metric tons of dairy products sold. Cheddar cheese was up 6.2% to $4,217 per metric ton, or $1.91 per pound. Anhydrous milk fat prices were up 4% to $6,764 per metric ton, or $3.75 per pound. Butter was up 0.8% to $6,606 per metric ton, or $2.99 per pound. Whole milk powder prices fell 1.6% to $3,142 per metric ton, or $1.42 per pound. Skim milk powder prices were ...

Source: Brownfield Ag