fbpx
Print this page
Wednesday, 19 October 2016 12:40

Dairy prices rebound

Written by 
The GDT price index rose 1.4% at the latest auction. The GDT price index rose 1.4% at the latest auction.

Global dairy prices have risen in the latest Global Dairy Trade (GDT) auction overnight.

The flagship whole milk powder price index was up 2.9%, to US$2760/tonne.

The GDT price index rose 1.4% at the latest auction, following a 3% cent dip in the previous auction- which ended a run of price increases. WMP prices had dipped 3.8% in the previous auction.

The latest price rise could be attributed to supply concerns out of New Zealand; prolonged wet weather in the North Island is affecting milk production.

Key results

AMF index up 1.1%, average price US$5,007/MT

Butter index up 2.6%, average price US$3,984/MT

BMP index up 0.2%, average price US$2,583/MT

Ched index down 3.7%, average price US$3,290/MT

LAC index up 5.6%, average price US$780/MT

RenCas index down 4.5%, average price US$6,286/MT

SMP index down 0.3%, average price US$2,204/MT

WMP index up 2.9%, average price US$2,760/MT

More like this

Popular Reads

Formula goes sour

OPINION: Media reports say global recalls tied to cereulide toxin contamination in milk-based nutrition brands could inflict combined financial losses…

Featured

Global Trade Uncertainty 'Likely To Remain'

Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.

National

Machinery & Products