The Global Dairy Trade (GDT) index has fallen by 0.6% at the latest auction held on Tuesday 18 February.

This fall marks the first decrease after two consecutive rises adding up to an increase of 5.1% since 21 January.

In total, six items fell in price with only one rising. There was an average price of €4,172/t with 22,651t on dairy produce sold between 165 participating bidders.

The largest fall in price was by cheddar and lactose, both falling by 3.4% to €4,642/t and €969/t respectively.

Skim milk powder dropped by 2.5% to €2,630/t and anhydrous milk fat fell by 0.8% to €6,419/t.

Butter

In addition, whole milk powder decreased slightly by 0.2% to €3,965/t and mozzarella dropped to €3,961/t, down 0.1%.

The only item to increase in price was butter which jumped 2.2% to €7,064/t.

There was no available data for butter milk powder at this auction.

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Slight drop in price at Global Dairy Trade

In total, six items fell in price with only one rising at the latest auction held on Tuesday 18 February.