GDT Sees Broad Decline in Dairy Prices; Butter, SMP Slide
The latest Global Dairy Trade auction (Event 389) produced a broadly weaker outcome, with the GDT Price Index falling 1.6 % from the previous event. While Cheddar and anhydrous milk fat (AMF) recorded modest gains, key commodities such as butter, whole milk powder, and skim milk powder (SMP) posted declines. Key Trends: Butter & SMP…