Wednesday, 02 October 2019 11:30

Little change in GDT prices

Written by  Staff Reporters
Little change in GDT prices

The Global Dairy Trade (GDT) auction overnight saw little change in dairy prices.

The GDT price index rose 0.2% compared to the previous auction.

Whole milk powder price was down 0.2% and skim milk powder up 2.7%.

Key results

AMF index unchanged, average price US$4,997/MT

Butter index down 0.2%, average price US$4,125/MT

BMP index up 6.7%, average price US$2,670/MT

Ched index down 3.4%, average price US$3,717/MT

LAC index up 1.8%, average price US$784/MT

RenCas index up 0.7%, average price US$6,683/MT

SMP index up 2.7%, average price US$2,674/MT

SWP index not available, average price not available

WMP index down 0.2%, average price US$3,141/MT 

More like this

$10.25/kgMS milk price now in play

A significant rise in Global Dairy Trade (GDT) auction last week has prompted one bank to lift its forecast milk price for the season to above Fonterra's mid-point.

$10 milk price still on

Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.

Mixed results on GDT

The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.

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