Fourth Global Dairy trade price rise in a row
The skim milk powder price increased 4.1% in Tuesday's Global Dairy Trade auction.
The strength of global dairy markets was confirmed on Tuesday, with a 3.9% average price rise in the Global Dairy Trade auction, the fourth consecutive price rise in this important trade event.
The whole milk powder price lifted 3.1% to its highest level in 12 months. Other commodities of more importance for the EU dairy trade were also dearer, with the butter price up 7.2%, the cheddar cheese price up 5%, and the skim milk powder price up 4.1%.
