The index of prices for the Global Dairy Trading platform fell 4.7% in Tuesday’s trading session. It’s the fourth drop in a row and the sixth drop in the last eight trading sessions.
Anhydrous milk fat had the largest price loss, down 7.2% at $4,736 per metric ton or $2.14 per pound.
Whole milk powder was down 5.2% to $3,053 per metric ton or xx per pound.
Butter was down 3.3% at $4,595 per ton or $1.38 per pound.