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The overnight GDT auction price index rose 4.2% compared to the previous auction.
Dairy prices are continuing their good run in 2019.
The overnight Global Dairy Trade (GDT) auction price index rose 4.2% compared to the previous auction.
The first auction of 2019 on January 2 was up 2.8%.
Whole milk powder price was up 3% overnight to US$2,777/MT.
Key results
AMF index up 3.2%, average price US$5,294/MT
Butter index up 4.6%, average price US$4,262/MT
BMP not offered
Ched index up 4.2%, average price US$3,504/MT
LAC index up 7.9%, average price US$1,032/MT
RenCas index down 1.4%, average price US$5,047/MT
SMP index up 10.3%, average price US$2,405/MT
SWP index not available, average price not available
WMP index up 3.0%, average price US$2,777/MT
Global Dairy Trade (GDT) and Arla Foods have announced that Arla will begin offering European-sourced skim milk powder (SMP) on GDT Pulse from May 2025 as part of an extension to the GDT Pulse pilot.
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.
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.
The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.
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