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Wednesday, 06 June 2018 09:22

Dairy prices slip

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The GDT price index was down 1.3%. The GDT price index was down 1.3%.

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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No surprise in softer WMP price

Softer whole milk powder (WMP) prices are not surprising given China’s strong import activity recently and the steadily increasing WMP pricing, says Rabobank dairy analyst Emma Higgins.