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The weekly Dutch auction of dairy commodities saw price increase on butter and milk powder.
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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.
A 1.9% increase at the second and final GDt event for November brings the price index to its highest value in 28 months.
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
Figures released by the Minister for Agriculture Charlie McConalogue show that the value of dairy imports jumped 16% between 2019 and 2023.
Butter price reverse in both Europe and at GDT auction, but cheddar and WMP prices increase.
There were positives and some set-backs at the weekly Dutch Dairy Board auction but prices remain extremely buoyant overall
European dairy markets continue to strengthen, with butter hitting another high point at the weekly Dutch auction.
