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Wednesday, 08 August 2018 10:03

No change in GDT price index

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The Global Dairy Trade (GDT) price index remains unchanged after the overnight auction.

Whole milk powder price rose 0.1% to US$2958/MT; skim milk powder price index lifted 0.3% to US$1972/MT.

Key results

AMF index up 1.2%, average price US$5,709/MT

Butter index down 3.2%, average price US$4,802/MT

BMP index down 5.9%, average price US$2,441/MT

Ched index up 1.3%, average price US$3,663/MT

LAC index not available, average price not available

RenCas index up 8.0%, average price US$4,971/MT

SMP index down 0.3%, average price US$1,972/MT

SWP index not available, average price not available

WMP index up 0.1%, average price US$2,958/MT

 

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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.