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Global Dairy Trade auction up again
The Global Dairy Trade auction was up again, this time by 1.1%, for the sixth consecutive time. The results of Fonterra’s auction for dairy products saw positives for butter, butter milk powder, skim milk powder and cheddar. The main movers were: AMF index down 2.2%, average price US$4,237/MT Butter index up 2.5%, average price US$3,912/MT BMP index up 6.8%, average price US$2,681/MT Ched index up 10.8%, average price US$3,377/MT LAC not offered RenCas index down 0.7%, average price US$8,694/MT SMP index up 5.9%, average price US$2,935/MT SWP index not available, average price not available WMP index down 1.0%, ... (full story)