The Global Dairy Trading Index rose 2.3% in Tuesday’s trading session.
Butter was the biggest gainer, up 5.8% to $5,906 per metric ton ($2.67 per pound).
Anhydrous milk fat rose 4.3% to $5,842 per metric ton, or $2.64 per pound.
Whole milk powder prices increased 1.7% to $3,353 per metric ton, or $1.52 per pound.
Lactose rose 1.3% to $760 per metric ton, or $0.34 per pound.
Skim milk powder prices increased 1.2% to $2,638 per metric ton, or $1.19 per pound.
Cheddar cheese prices were up 1% to $4,217 per metric ton, or $1.91 per pound.
The only product to lose value during Tuesday’s trading session was mozzarella cheese, which fell 3.3% to $3,830 per metric ton, or $1.73 per pound.
During Tuesday’s trading event, 100 buyers out of 167 bidders participated in 15 rounds of bidding. Overall, 24,909 metric tons of dairy products were purchased on Tuesday.
