Wednesday, 03 April 2019 10:36

Ninth straight rise for GDT price index

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GDT’s price index hasn’t seen a price drop since November last year. GDT’s price index hasn’t seen a price drop since November last year.

The Global Dairy Trade (GDT) price index has risen for the ninth consecutive time.

Last night’s GDT auction saw the price index rise 0.8% to UIS$3483/metric tonne. GDT’s price index hasn’t seen a price drop since November last year.

A decline in milk production among key producing global regions is keeping prices up. 

However, the flagship whole milk powder price was down 1.35 to US$3287/MT.

Butter prices saw another big jump- 5.8% to US$5374/MT. Skimmed milk powder was up 1.8%.

Key results

AMF index up 3.7%, average price US$5,867/MT

Butter index up 5.8%, average price US$5,374/MT

BMP index up 5.0%, average price US$3,548/MT

Ched index up 3.2%, average price US$4,248/MT

LAC index down 5.3%, average price US$948/MT

RenCas index up 7.5%, average price US$6,703/MT

SMP index up 1.8%, average price US$2,468/MT

SWP index not available, average price not available

WMP index down 1.3%, average price US$3,287/MT

 

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Whole milk powder, butter and cheese prices were the big drivers of the eighth bounce in a row for the Global Dairy Trade (GDT) last week, says Emma Higgins, Rabobank dairy analyst.

 
 

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