Global dairy prices continued to improve at the Global Dairy Trade auction on 1 June 2016, with the Global Dairy Price Index climbing by 3,4%, with an average selling price of $2 329 per ton. The price of skimmed milk powder (SMP) increased by 12,1% while the price of full-cream milk powder (FMP) declined by 1,7%. This was the second increase in a row in global dairy prices at the auction. Price increases at four of the last five auctions suggest an ongoing modest improvement in international dairy prices. To read more, click HERE.
Published on Mon, 13th Jun 2016 - 12:00