Milk Powder Prices Prop Up Farmgate Milk Price
Milk powder prices are keeping farmgate prices up, helping processors offset the dip in milk fat prices.
The Global Dairy Trade (GDT) auction overnight delivered its third consecutive positive result.
Average prices were up 1.9% compared to the previous auction.
Whole milk powder prices lifted 2.2% to US$2829/metric tonne.
Key results
AMF index up 0.8%, average price US$3,993/MT
Butter index down 1.0%, average price US$3,597/MT
BMP not offered
Ched index up 1.4%, average price US$3,631/MT
LAC index up 0.4%, average price US$1,290/MT
SMP index up 3.1%, average price US$2,609/MT
SWP index not available, average price not available
WMP index up 2.2%, average price US$2,829/MT
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