Wednesday, 18 July 2018 10:02

Mixed result for GDT

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The GDT price index was down 1.7% over the previous auction. The GDT price index was down 1.7% over the previous auction.

The latest Global Dairy Trade (GDT) auction has delivered a mixed result.

The GDT price index was down 1.7% over the previous auction. However, whole milk powder price rose 1.5% to US$2973/MT.

Skim milk powder price also rose slightly, 0.8% to US$1959/MT.

Prices of other commodities dropped – butter was down 8% to US$4953/MT.

Key results

AMF index down 5.2%, average price US$5,629/MT

Butter index down 8.1%, average price US$4,953/MT

BMP index not available, average price US$2,225/MT

Ched index down 3.3%, average price US$3,596/MT

LAC index not available, average price not available

RenCas index down 9.5%, average price US$4,602/MT

SMP index up 0.8%, average price US$1,959/MT

SWP index not available, average price not available

WMP index up 1.5%, average price US$2,973/MT

 

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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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