Wednesday, 19 September 2018 09:09

Dairy prices continue slide

Written by 
The GDT price index hasn’t seen a rise since May this year. The GDT price index hasn’t seen a rise since May this year.

The fall in dairy prices is showing no signs of easing.

The Global Dairy Trade (GDT) price index hasn’t seen a rise since May this year.

The overnight GDT auction saw the price index fall 1.3% compared to the previous auction.

Whole milk powder price slid further, dropping 1.8% to US$2768/metric tonne.

Key results

AMF index down 0.6%, average price US$5,294/MT

Butter index down 0.1%, average price US$4,270/MT

BMP not offered

Ched index down 3.5%, average price US$3,503/MT

LAC index down 0.3%, average price US$910/MT

RenCas index up 1.7%, average price US$5,421/MT

SMP index down 1.1%, average price US$1,980/MT

SWP index not available, average price not available

WMP index down 1.8%, average price US$2,768/MT

 

More like this

Forecasts steady as demand holds

Banks are mainly holding firm on their forecasts of $7/kgMS despite last week’s flat Global Dairy Trade result – a small decline of 0.4% in the overall price index.

$7 payout still on the cards

Economists are still sticking to a 2019/20 season forecast of around $7/kgMS despite the 3.8% drop in the Global Dairy Trade overall price index last week.

Dairy prices tumble

Global dairy prices have tumbled in the latest Global Dairy Trade (GDT) event.

 
 

» The RNG Weather Report

» Latest Print Issues Online

Milking It

No tea, we’re vegan

UK vegans are demanding a law change to ban discrimination against plant-based eaters in workplaces.

Fake cows

Even more fibreglass cows may join those seen ‘grazing’ Morrinsville streets for four years.

» Connect with Dairy News