Wednesday, 20 June 2018 10:18

Dairy prices dip

Written by 

The second Global Dairy Trade (GDT) auction of the new season saw a slight drop in dairy prices.

In the overnight auction, the GDT price index dropped 1.2% over the previous event. The first event of the NZ dairy season two weeks ago saw the price index dip 1.3%.

Whole milk powder price was down 1% overnight to an average price of $US$3189/metric tonne.

Key Results

AMF index down 2.5%, average price US$6,060/MT

Butter index up 0.8%, average price US$5,611/MT

BMP not offered

Ched index down 3.6%, average price US$3,847/MT

LAC index up 8.2%, average price US$769/MT

RenCas index down 2.2%, average price US$4,898/MT

SMP index down 1.1%, average price US$2,003/MT

SWP index not available, average price not available

WMP index down 1.0%, average price US$3,189/MT

 

More like this

Prices rise more and sharper

Dairy prices extended and quickened their ascent at last week’s GDT auction and were stronger than anticipated, says BNZ senior economist Doug Steel.

 
 

» Latest Print Issues Online

Milking It

Burp it up

So, cows are a major source of methane but how do you measure how much gas a cow burps?

Shocking

In Australia, animal activists are taking exception to electric shock collars for use on cattle, calling it the equivalent of…

 
 

» Connect with Dairy News