A total of 19,500 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) auction held on Tuesday, with supply ranging from 17,844 to 21,831 MT, according to data from the trading platform.
The average selling price for whole milk powder was $3,709 per MT, anhydrous milk fat averaged $7,602 per MT, and mozzarella and butter averaged at $4,208 per MT and $6,868 per MT, respectively.
Additionally, cheddar prices averaged $4,925 per MT, lactose averaged $1,450 per MT, and skim milk powder averaged at $3,409 per MT.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.