Wednesday, 18 April 2018 09:07

Global dairy prices up

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Global dairy prices rose slightly in the overnight Global Dairy Trade (GDT) auction.

The GDT price index was up 2.7% compared to the previous auction.

Whole milk powder price rose 0.9% to US$3,311/MT; skim milk powder also rose, 3.6% to US$1913/MT.

Key Results

AMF index up 5.3%, average price US$6,120/MT

Butter index up 2.9%, average price US$5,654/MT

BMP not offered

Ched index up 4.6%, average price US$3,855/MT

LAC index up 14.8%, average price US$687/MT

RenCas index up 3.1%, average price US$5,792/MT

SMP index up 3.6%, average price US$1,913/MT

WMP index up 0.9%, average price US$3,311/MT

 

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GDT price jump surprises economists

The 2.7% jump in last week’s Global Dairy Trade overall price index – with a 3.6% bounce in whole milk powder – was a surprise, economists agree.

Forecasts steady as demand holds

Banks are mainly holding firm on their forecasts of $7/kgMS despite last week’s flat Global Dairy Trade result – a small decline of 0.4% in the overall price index.

$7 payout still on the cards

Economists are still sticking to a 2019/20 season forecast of around $7/kgMS despite the 3.8% drop in the Global Dairy Trade overall price index last week.

Dairy prices tumble

Global dairy prices have tumbled in the latest Global Dairy Trade (GDT) event.

 
 

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