$7-plus still on the cards
Despite four consecutive drops in Global Dairy Trade (GDT) prices, analysts are sticking with a payout of around $7.20/kgMS for this season.
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
