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.
Global dairy prices have risen for the first time in two months.
Last night’s Global Dairy Trade (GDT) auction price index rose 3.6% to an average price of US$3092/metric tonne.
The all-important whole milk powder price rose 3.2% to US$2985/MT.
Skim milk powder was one of the big gainers; average price rose 8.4% to US$2889/MT.
Key results
AMF index up 2.0%, average price US$3,910/MT
Butter index down 1.4%, average price US$3,282/MT
BMP not offered
Ched index up 7.2%, average price US$3,674/MT
LAC index down 2.7%, average price US$1,277/MT
SMP index up 8.4%, average price US$2,889/MT
SWP index not available, average price not available
WMP index up 3.2%, average price US$2,985/MT
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