$7-plus still on the cards
Despite four consecutive drops in Global Dairy Trade (GDT) prices, analysts are sticking with a payout of around $7.20/kgMS for this season.
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
