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Global Trade Index Kick Starts New Year

In the first trading day of the new year, the Global Dairy Trade index increased 1.2%. The index has risen for the third trading event in a row.

The average price per metric ton was $3,363.

Values for whole milk powder increased 2.5% to $3,290 per metric ton, or $1.49 per pound.

Butter prices increased 2.1% to $5,514 per metric ton, or $2.50 per pound.

The price of anhydrous milk fat increased 0.2% to $5,595 per metric ton, or $2.53 per pound.

The price of mozzarella cheese remained stable at $3,960 per metric ton, or $1.79 per pound.

The price of butter milk powder fell 0.1% to $2,384 per metric ton, or $1.08 per pound.

Prices for skim milk powder fell 0.9% to $2,613 per metric ton, or $1.18 per pound.

The price of cheddar cheese fell 2.4% to $4,165 per metric ton, or $1.88 per pound.

Lactose prices fell 5% to $753 per metric ton, or $0.34 per pound.

In twenty rounds of trading on Tuesday, 155 victorious bidders acquired 26,206 metric tons of dairy goods.

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