Global Dairy Price Index Moved up slightly at GDT event

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 down 1.1% to $2,566 per metric ton, or $1.16 per pound.

Mozzarella cheese was down 0.8% to $4,225 per metric ton, or $1.91 per pound.

Lactose prices dropped 0.6% to $792 per metric ton, or $0.35 per pound.

Butter milk powder was not offered in Tuesday’s auction.