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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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No surprise in softer WMP price

Softer whole milk powder (WMP) prices are not surprising given China’s strong import activity recently and the steadily increasing WMP pricing, says Rabobank dairy analyst Emma Higgins.