Tridge summary
The Global Dairy Trading Index experienced a 2.5% increase in its average price for dairy products, reaching $3,506 per metric ton in its latest trading session. This rise marks the second consecutive event with significant price gains. Notable increases were seen in whole milk powder, which surged by 5%, and cheddar cheese, which rose by 4.5%. However, anhydrous milk fat prices fell by 2.4%. The trading volume was dominated by whole milk powder, with 103 winning bidders during 19 rounds of trade, selling 23,265 metric tons of dairy products on the world market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The Global Dairy Trading Index rose for the second straight event. The average price for dairy products was up 2.5% in Tuesday morning’s trading session to an average price of $3,506 per metric ton. Whole milk powder had the biggest price gain, up 5% at $3,230 per metric ton or $1.46 per pound. Cheddar cheese prices rose 4.5% to $4,561 per ton or $2.06 per pound. Butter was up 2.4% to 4,947 per ton or $2.24 per pound. Skim milk powder prices rose 1.5% to $2,787 per ton or $1.26 per pound. Buttermilk powder was up eight-tenths of a percent to $2,468 per ton or $1.26 per pound. Anhydrous milk fat prices dropped 2.4% to $4,832 per ton or $2.19 per pound. There was no market for lactose or sweet whey powder. Just ...
Source: Brownfield Ag
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