$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.
The GDT price index rose 3.3% last night, compared to the last auction.
Last night’s GDT event also saw whole milk powder prise rise 6% to US$3186/metric tonne.
Butter price has also seen its seventh consecutive lift, rising to US$4657/MT.
Key results
AMF index up 3.9%, average price US$5,837/MT
Butter index up 3.7%, average price US$4,657/MT
BMP index up 11.0%, average price US$3,480/MT
Ched index up 6.0%, average price US$3,888/MT
LAC index up 0.6%, average price US$1,009/MT
RenCas index down 0.1%, average price US$5,649/MT
SMP index down 4.3%, average price US$2,462/MT
SWP index not available, average price not available
WMP index up 6.0%, average price US$3,186/MT
