Wednesday, 19 August 2020 08:41

Dairy prices slump

Written by  Staff Reporters
The GDT price index has had its third consecutive drop. The GDT price index has had its third consecutive drop.

The overnight Global Dairy Trade (GDT) auction has delivered another disappointing result.

The GDT price index dropped 1.7%, its third consecutive drop.

Whole milk powder prices slumped 2.2% to US$2936/metric tonne, dipping below the US$3000/MT for the first time since February this year.

Key results

AMF index down 2.9%, average price US$3,873/MT

Butter index down 2.0%, average price US$3,370/MT

BMP not offered

Ched index down 3.6%, average price US$3,442/MT

LAC index down 3.3%, average price US$1,303/MT

SMP index up 1.1%, average price US$2,608/MT

SWP index not available, average price not available

WMP index down 2.2%, average price US$2,936/MT

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Prices expected to wax and wane

Expect more of the same as dairy prices on Global Dairy Trade (GDT) broke a two-month drought and posted an increase last week.


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