News dairy business
Global Dairy Trade in the green on many fronts
The Global Dairy Trade that took place on Tuesday (May 7) shows green figures on many fronts. Cheddar stands out and shows a strong recovery after the slip during the previous auction. In addition, trading volume has also been picking up again for a long time.
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Cheddar is clearly demanding attention this trading session, rising 8% to $4.257 per tonne. This largely makes up for the price loss from the previous auction in mid-April. Mozzarella also made a notable profit at 2,3%.
Butter and whole milk powder also increased, both by more than 2%. The other manufacturers climb more slowly. Only lactose has suffered a limited loss, but in general it can be said that the lukewarm global dairy market has in any case not cooled down further after today's auction.
Trading volume on the rise again
The improved sentiment is confirmed by the traded volume of 19.231 tonnes. This is the first volume increase in more than half a year. The volume traded fell for no fewer than thirteen auctions in a row. During the penultimate auction, it even reached the lowest level in four years.