Middle East demand cushions global dairy price drop at latest GDT auction
The upheaval in the Middle East may have eased the fall in global dairy prices last week.
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
