The Global Dairy Trade index fell for a third straight session, falling 5% in Tuesday’s trade.
The powder market took the biggest fall in value, as skim milk powder fell 8.6% to $3,709 per metric ton or $1.68 per pound. Whole milk powder fell 5.1% to $3,757 a metric ton, or $1.70 per pound.
The butter market price fell 2.1% to $5,530 a ton or $2.50 per pound.
Anhydrous milk fat was down 2.1% to $5,580 per ton or $2.53 per pound.