FX.co ★ Global Dairy Trade Index Extends Gains

The Global Dairy Trade Price Index inched up 0.1% over the two weeks ending August 4, following a 1.5% rise at the previous auction, according to GlobalDairyTrade. Gains were recorded for lactose (+4.1%), cheddar (+3.8%), skim milk powder (+1.2%), mozzarella (+1.0%), and whole milk powder (+0.2%). These increases were partially offset by declines in buttermilk powder (-2.8%), butter (-2.3%), and anhydrous milk fat (-0.8%).