LOYALTY CODE:
The paper code cannot be redeemed when browsing in private/incognito mode. Please go to a normal browser window and enter the code there
This marks the third consecutive increase, following a 4.8% increase on 5 November.
There were reductions in price for butter, cheese and whole milk powder in the European spot markets this week, writes Aidan Brennan.
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.
There were significant increase in butter and milk powder prices at key dairy auctions this week.
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.
Prices for whole milk powder (WMP) and skim milk powder (SMP) were up 1.5% to €3,099/t and 2.2% to €2,525/t at the Global Dairy Trade auction.
