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

Editorial: Morale booster

OPINION: The first three Global Dairy Trade (GDT) auctions have been a morale booster for farmers.

Popular Reads

Featured

Penske NZ Appoints Stephen Kelly as General Manager

Penske NZ Appoints Stephen Kelly as General Manager

Penske Australia & New Zealand has appointed Stephen Kelly as the general manager of its Penske NZ operations, effective immediately In this role he will oversee all NZ branch operations, including energy solutions, mining, commercial vehicles, defence, marine, and rail, while continuing to be based at Penske’s Christchurch branch.

Top Maori Orchard On Show

A large crowd turned out for the last of the field days of the three finalists in this years Ahuwhenua Trophy to determine the top Maori horticulture entity in Aotearoa New Zealand

National

Machinery & Products