The dairy price index on the latest Global Dairy Trade session fell 7.4 percent from the previous session to its lowest level since April 2020. The price fell to $2,875 per metric ton, marking the seventh consecutive session-to-session drop in the price. Whole milk powder prices fell 10.9 percent to a seven-year low, while skim milk powder, anhydrous milkfat, and butter prices all fell as well, down 5.2, 5.3, and 3.0 percent, respectively. Cheddar cheese was the only product to post a price increase, up 5.8 percent.
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