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The Global Dairy Trade (GDT) price index has fallen by 1% at the latest auction held on 1 September.
It is the fourth consecutive fall in the index, but the smallest decrease since 21 July.
The average price now stands at just under $2,955 (€2,474).
In total, 35,656t of product was sold.
The largest drop was in the price paid for whole milk powder (WMP), down 2% to $2,884 (€2,414), while skim milk powder (SMP) rose by 1.8% to $2,663 (€2,229).
Butter fell by 1.2% to $3,334 (€2,791), while there was a marginal decrease for cheddar by 0.4% to $3,428 (€2,870).
Lactose held steady at $1,314 (€1,100).
The next auction will take place on 15 September.
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