Raw Milk Market Under Pressure: Cheddar Down 9.2%, Dry Milk Falling Due to China

According to the results of the GDT trading, there was a slight decrease in the price index against the backdrop of falling prices for Cheddar and lactose, weakening quotations for butter and dry milk, - reports analyst of the Milk Producers Association Georgy Kukhaleshvili. On Tuesday, May 20, the 380th GDT auction was held, with the price index reaching 1333 and decreasing by 11 points (-0.9%) since the previous auction. The average price for dairy products was $4,589 per ton, which is $73 more compared to the previous trading results. During the trading, 15,194 tons of exchange goods were sold, which is 1,520 tons less than the previous auction. The minimum offer was recorded at 14,891 tons, and the maximum at 19,016 tons. 177 dairy market operators participated in the trading, which is 2 companies more compared to May 6. According to the trading results, the price of anhydrous milk fat was $7,273 per ton, which is 0.9% more compared to the previous trading. According to the ...