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There were 183 participating bidders and 14 bidding rounds at Tuesday’s GDT auction.
Whole milk powder took a leap forward at the Global Dairy Trade auction, but butter and cheese dropped in all markets.
The price of butter has broken the previous record set just two months ago, writes Aidan Brennan.
A 1.9% increase at the second and final GDt event for November brings the price index to its highest value in 28 months.
However, the index rise marks the second successive increase after there was a 4.8% increase on 5 November.
There were significant increase in butter and milk powder prices at key dairy auctions this week.
A number of milk processors have increased base prices for September with the biggest lift coming from Leprino Foods
This is the first fall in the GDT index since 3 September this year as the market has increase by 2% in that time.
