Fonterra sticking to payout despite another GDT price drop
Fonterra is sticking to its 2020-21 season forecast payout range of $5.90 to $6.90/kgMS as dairy prices slipped further in the overnight auction.
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
