Global milk prices drop overnight
summary：Global dairy prices have dropped overnight to represent the lowest levels in nine months....
Last night the ave
rage price on the online auction platform dropped by 5.2 percent to $US 46563 per tonne, representing the lowest price since mid-June last year, The Weekly Times reports.Of the different dairy products, anhydrous milk fat experienced the biggest fall, lowering 10.7 percent to $US4578 per tonne, whole milk saw a 5.8 percent decline to $US4439 per tonne - the lowest price since last year, while cheddar dropped 4.1 percent to $US4641 per tonne.
Milk protein concentrate and butter milk powder however were the only two products to record a price rise with a 4.6 percent increase to $US5253, and 3.7 percent increase to $US8837 per tonne respectively.
The total amount sold came to 39,008 tonnes, compared to 41,086 tonnes sold last fortnight.