Prices at the latest Global Dairy Trade auction have fallen on the last event.

The results of the auction concluded with the Global Dairy Trade Price Index down 7.4%. It is the second auction in a row where the result has been down, with the October 20 auction being down 3.1%.

The four auctions since August 18 had seen the average auction price rise, after a long series of falls in price.

Key Results

• AMF index down 5.7%, average price US$3,647/MT
• Butter index down 5.6%, average price US$1,844/MT
• BMP index down 9.4%, average price US$1,844/MT
• Ched index down 4.6%, average price US$2,987/MT
• LAC index not available
• RenCas index down  11.2%, average price US$5,469/MT
• SMP index down 8.0%, average price US$2,018/MT
• WMP index 8.0%, average price US$2,453/MT

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