fbpx
Print this page
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

More like this

$10.25/kgMS milk price now in play

A significant rise in Global Dairy Trade (GDT) auction last week has prompted one bank to lift its forecast milk price for the season to above Fonterra's mid-point.

Featured

MPI defends cost of new biosecurity lab

The head of the Ministry for Primary Industries (MPI) biosecurity operation, Stuart Anderson, has defended the cost and the need for a Plant Healht and Environment Laboratory (PHEL) being built in Auckland.

National

Machinery & Products

New pick-up for Reiter R10 merger

Building on experience gained during 10 years of making mergers/ windrowers, Austrian company Reiter has announced the secondgeneration pick-up on…

Krone EasyCut B1250 fold

In 2024, German manufacturer Krone introduced the F400 Fold, a 4m wide disc front mower, featuring end modules that hinge…