Big rise in dairy prices

The overnight Global Dairy Trade (GDT) saw the price index rise 6.7%.

The whole milk powder index rose 8.4% to US$3027/metric tonne, the highest it has reached since May last year.

Key results

AMF index up 5.8%, average price US$5,579/MT

Butter index up 4.2%, average price US$4,445/MT

BMP index down 3.1%, average price US$3,158/MT

Ched index up 1.4%, average price US$3,565/MT

LAC index up 1.3%, average price US$1,035/MT

RenCas index up 10.9%, average price US$5,596/MT

SMP index up 3.9%, average price US$2,534/MT

SWP index not available, average price not available

WMP index up 8.4%, average price US$3,027/MT