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.
Last night’s auction saw the GDT Price Index drop 5.1%, compared to the previous auction.
However, the biggest concern will be the massive drop in whole milk powder prices: down 6.7% to US$3099/MT.
Key results
AMF index down 0.3%, average price US$4,866/MT
Butter index down 2.4%, average price US$3,886/MT
BMP not offered
Ched index up 1.7%, average price US$3,869/MT
LAC index up 0.6%, average price US$787/MT
RenCas index up 2.6%, average price US$8,260/MT
SMP index down 6.3%, average price US$2,867/MT
SWP index not available, average price not available
WMP index down 6.7%, average price US$3,099/MT
