The trade weighted index increased 1.2% in this morning’s globalDairyTrade auction.
The price for anhydrous milk fat dropped .3%; butter milk powder went up 14.5%; skim milk powder increased 2.4%; and whole milk powder went up .5%.
While on the subject of dairy prices, trying to compare dairy production and prices around the world isn’t easy.
Here we value milk in $s per kilo of milk solids (which is fat plus crude portein).
Australian dairy farms talk about cents per litre.
In the USA its $s per hundredweight (and that’s a USA hundredweight not a British one).
Europeans work in Euros per 100 kilograms.
In Britain it’s pence per litre.
So how do you compare one with another?