The price of butter at the Global Dairy Trade auction fell by 4.4%
The weighted average price for dairy products at the 261st GDT auction was 2.902 USD/kg. Taking into account the strengthening of the ruble against the dollar in comparison with the previous auction, the average weighted price of dairy products in the Russian currency decreased by 4.6% to 202.3 rubles/kg, which is 9.8% lower than at the beginning of June 2019.
In total, 21,968 tons of dairy products were sold at the auction, which is 5.2 thousand tons more than at the previous auction. Number of bidders - 166.
Butter fell in price by 4.4%, and dehydrated milk fat decreased by 2.9%. The price of whole milk powder increased by 2.1%, the price of skimmed milk powder decreased by 0.5%. The price of lactose also decreased by 4.1%. The price of cheddar dropped by 5.3%. Buttermilk rose by 9.4%.
The next Global Dairy Trade auction will be held on June 16, 2020.
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