fbpx
Print this page
Wednesday, 18 July 2018 10:02

Mixed result for GDT

Written by 
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

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.

Popular Reads

Featured

IFSO urges flood-affected residents to document damage for insurance

Following heavy rain which caused flooding in parts of Nelson-Tasman and sewerage overflows in Marlborough, the Insurance & Financial Services Ombudsman Scheme (IFSO Scheme) is urging homeowners and tenants to be cautious when cleaning up and to take the right steps to support claims.

National

Machinery & Products

Farming smarter with technology

The National Fieldays is an annual fixture in the farming calendar: it draws in thousands of farmers, contractors, and industry…