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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Dairy prices tumble

Global dairy prices have tumbled in the latest Global Dairy Trade (GDT) event.

US milk powder giant rejoins GDT

The largest milk powder producer in the US, DairyAmerica is coming back to Global Dairy Trade (GDT), re-launching skim milk powder on July 16.

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.

 
 

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