Dairy price boost

The GDT price index rose 3.7% over the previous auction, its biggest jump since February this year.

Fonterra’s key product whole milk powder enjoyed a 3.6% lift in price to US$3254/MT.

Skim milk powder also recorded a sharp rise; up 6.7% to US$2942/MT.

Key Results

AMF index up 2.6%, average price US$5,191/MT

Butter index up 0.2%, average price US$4,117/MT

BMP index up 5.4%, average price US$2,786/MT

Ched index down 0.6%, average price US$3,609/MT

LAC index down 1.9%, average price US$768/MT

RenCas index up 5.1%, average price US$7,274/MT

SMP index up 6.7%, average price US$2,924/MT

SWP index not available, average price not available

WMP index up 3.6%, average price US$3,254/MT