GDT milk price up

The trade-weighted price in this morning’s GlobalDairyTrade auction increased 3.5% from the price at the previous auction.

The drought in the USA which has pushed up theprice of grain might be a contributing factor.

The price of anhydrous milk fat decreased 1.3%, buttermilk fat fell 8.6%, cheddar increased 5.5%, lactose was up 3.6%, milk protein concentrate increased 11.5%, rennet casein was up by 7.3%, skim milk powder increased 3% and whole milk powder increased 3.5%.

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