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The Global Dairy Trade price index declined 0.6 percent on June 2, reversing the prior session's 0.6 percent gain. Average winning prices fell to $4,021 per metric ton from $4,198.
The decline reversed the previous session's 0.6 percent increase. Average winning prices dropped to $4,021 per metric ton from $4,198 in the prior auction.
Whole milk powder prices declined 2.2 percent, compared with a 1.2 percent gain in the previous session. The average winning price for whole milk powder fell to $3,706 per metric ton from $3,772. The auction covers multiple dairy categories traded in U.S. dollars per metric ton.
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EuronewsApple surpassed Nvidia during intraday trading to become the world's most valuable company with a $4.88 trillion valuation. Nvidia shares fell as much as four percent during the session before recovering.
foodbusinessnews.netTaco Bell finished pulling affected Taylor Farms lettuce from all U.S. restaurants on July 17. Taylor Farms de Mexico also began removing iceberg lettuce from central Mexico from the U.S. market after receiving information from officials.
Iran's Revolutionary Guards said they stopped four tankers attempting to transit the Strait of Hormuz in a combined missile and drone operation. Two oil tankers exploded after hitting mines, the Guards stated.