
Lactose was up 17.7% to €1,022/t at the trading event held on Tuesday.
In total, 27,785t of dairy product swapped hands at the auction that had 178 participating bidders.
Close to 10% was knocked off the value of butter prices in the month up to Christmas, as the trade eased from the record levels hit through the autumn.
The weekly Dutch auction of dairy commodities saw price increase on butter and milk powder.
At both the last auction of 2024 and the first auction of 2025, held this week, the index was down.
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.
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