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.
The new season’s first Global Dairy Trade (GDT) event saw prices dip slightly.
The GDT price index was down 1.3%.
Whole milk powder price dropped 1.1% to US$3205/MT.
Butter price dropped 3.5% to US$5581/MT.
Key Results
AMF index down 1.7%, average price US$6,222/MT
Butter index down 3.5%, average price US$5,581/MT
BMP index up 17.7%, average price US$2,314/MT
Ched index down 3.6%, average price US$3,998/MT
LAC index up 3.9%, average price US$714/MT
RenCas index up 2.7%, average price US$5,015/MT
SMP index up 0.3%, average price US$2,051/MT
SWP index not available, average price not available
WMP index down 1.1%, average price US$3,205/MT
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