Wednesday, 20 February 2019 08:58

Sixth straight rise in GDT price index

Written by 

The Global Dairy Trade price index was up marginally in the auction overnight with a gain of 0.9%.

The result was the sixth consecutive gain – but nowhere near the hefty 6.7% increase at the last auction two weeks ago.

Key product whole milk powder (WMP) was up just 0.3% to an average price of US$3022/MT.

There were 120 winning bidders from a field of 169 and 25,324MT of product was sold at an average price of US$3271/MT.

Key results

AMF index up 0.7%, average price US$5,620/MT

Butter index up 1.2%, average price US$4,495/MT

BMP not offered

Ched index up 2.9%, average price US$3,667/MT

LAC index down 2.9%, average price US$998/MT

RenCas index up 2.7%, average price US$5,740/MT

SMP index up 2.8%, average price US$2,580/MT

SWP index not available, average price not available

WMP index up 0.3%, average price US$3,022/MT

 

More like this

Tight supply, solid demand

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.

 
 

» Latest Print Issues Online

Milking It

Find me on Tudder

A Tinder-inspired app called Tudder is helping farmers to match their cattle with suitable mates — by swiping right on…

Cow toilet

A farm equipment manufacturer is developing a toilet for cattle and has revealed that cows can be trained to use…

 
 

» Connect with Dairy News