Wednesday, 04 September 2019 10:27

Dairy prices dip slightly

Written by 

Global dairy prices dipped slightly in the overnight Global Dairy Trade (GDT) auction.

The GDT price index was down 0.4% compared to the previous auction, with key product whole milk powder down 0.8%, SMP up 0.7%, and butter unchanged.

Key results

AMF index down 1.5%, average price US$4,988/MT

Butter index unchanged, average price US$4,029/MT

BMP index up 3.4%, average price US$2,476/MT

Ched index down 0.8%, average price US$3,827/MT

LAC index down 0.9%, average price US$729/MT

RenCas index up 4.6%, average price US$6,632/MT

SMP index up 0.7%, average price US$2,500/MT

SWP index not available, average price not available

WMP index down 0.8%, average price US$3,076/MT

More like this

$10.25/kgMS milk price now in play

A significant rise in Global Dairy Trade (GDT) auction last week has prompted one bank to lift its forecast milk price for the season to above Fonterra's mid-point.

$10 milk price still on

Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.

Mixed results on GDT

The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.

Featured

National

Machinery & Products

Farming smarter with technology

The National Fieldays is an annual fixture in the farming calendar: it draws in thousands of farmers, contractors, and industry…

» Latest Print Issues Online

Milking It

110,000 visitors!

OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.

Sticky situation

OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter