Global Dairy Trade reports downward prices for second month

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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