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Global Dairy Trade index drops Tuesday

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The index of prices for the Global Dairy Trading platform fell 4.7% in Tuesday’s trading session.  It’s the fourth drop in a row and the sixth drop in the last eight trading sessions.

Anhydrous milk fat had the largest price loss, down 7.2% at $4,736 per metric ton or $2.14 per pound.

Whole milk powder was down 5.2% to $3,053 per metric ton or xx per pound.

Butter was down 3.3% at $4,595 per ton or $1.38 per pound.

Global Dairy Trade index drops Tuesday