fbpx
Print this page
Wednesday, 20 September 2017 09:06

Butter helps GDT do better

Written by 
Fat-based products have once again led a rise in the GDT auction price index. Fat-based products have once again led a rise in the GDT auction price index.

Fat-based products have once again led a rise in the GlobalDairyTrade (GDT) auction price index.

In the overnight auction, the price index rose 0.9% over the previous auction; anhydrous milk fat was up 5.3% and butter up 1.2%.

Whole milk powder prices rose 0.6%, in line with earlier futures pricing.

Butter is now selling on GDT at a record price of US$6026/ MT; AMF is fetching US$6764/MT.

Key results

AMF index up 5.3%, average price US$6,764/MT

Butter index up 1.2%, average price US$6,026/MT

BMP not offered

Ched index down 1.9%, average price US$4,032/MT

LAC index down 3.8%, average price US$759/MT

RenCas index down 2.4%, average price US$6,036/MT

SMP index down 1.2%, average price US$1,920/MT

WMP index up 0.6%, average price US$3,122/MT

More like this

Popular Reads

Featured

B+LNZ launches AI assistant for farmers

B+LNZ launches AI assistant for farmers

Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.

National

Machinery & Products

JDLink Boost for NZ farms

JDLink Boost for NZ farms

Connectivity is widely recognised as one of the biggest challenges facing farmers, but it is now being overcome through the…

New generation Defender HD11

The all-new 2026 Can-Am Defender HD11 looks likely to raise the bar in the highly competitive side-by-side category.