Milk powder on a spoon© Rex
This week’s Fonterra’s Global Dairy Trade (GDT) online auction saw most commodities fall in price, with a 7.9% drop overall. All commodities except butter fell in price (see below). Whole milk powder recorded the biggest drop (11.0%). The butter index rose 5.6% from 740 to 781. The drop to a weighted average across all commodities of US$2,345/t (£1,541/t) is the third consecutive fall in the average price at the wholesale auction, following four consecutive rises in the previous months. The […]
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