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Wednesday, 02 October 2019 11:30

Little change in GDT prices

Written by  Staff Reporters

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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