
At the first November Global Dairy Trade auction, the average price of products sold rose 3% from the previous auction to US$4,166 per tonne, while the volume sold fell 5.4%. Whole milk powder rose 5.9% to US$3,971 per tonne, cheddar gained 8.6%, and the number of buyers increased from 145 to 166.
Higher demand alongside slightly tighter supply is supporting international dairy prices. Stronger milk-powder and dairy-product values can improve export returns and support milk prices.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.