GlobalDairyTrade slump but EU dairy market steady

Dairy prices fell sharply at Tuesday’s GlobalDairyTrade auction.

The increasing 2017 market pressure, particularly in the milk powders sector, mainly due to sluggish demand, was reflected in slumps of 12.4% in prices for whole-milk powder, and 15.5% for skim milk powder.

The powder prices fell to their lowest levels in four-and-a-half months (whole), six-and-a-half months (skim).