fbpx
Print this page
Wednesday, 20 February 2019 08:58

Sixth straight rise in GDT price index

Written by 
Sixth straight rise in GDT price index

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

Popular Reads

Featured

Ballance Urges Farmers to Plan Ahead for El Niño

With forecasters advising El Niño conditions will develop through winter and strengthen into spring and summer, Ballance Agri-Nutrients is encouraging farmers and growers to think ahead about nutrient planning and be prepared to work around challenging weather conditions.

Why 'Fork to Farm' Beats Farm to Fork, Expert Says

In the past, much has been made of the concept of farm to fork, but an Australian expert in food science and marketing with experience in the dairy industry, Dr Angeline Achariya, says the reverse of this slogan is critical to win modern day consumers.

National

Machinery & Products