Wednesday, 04 December 2019 08:40

Skim milk powder price up again

Written by  Staff Reporters

Global dairy prices have dipped slightly after consecutive rises in the Global Dairy Trade auction.

Last night’s auction delivered a 0.5% drop to the GDT price index.

However, whole milk powder was up 0.1% to US$3331/metric tonne.

Skim milk powder also continues its merry run, up 1.9% to US$3068/MT.

Key results

AMF index down 5.1%, average price US$4,840/MT

Butter index down 4.9%, average price US$3,983/MT

BMP index up 1.6%, average price US$2,846/MT

Ched index up 2.7%, average price US$3,797/MT

LAC index not available, average price US$779/MT

RenCas index up 4.9%, average price US$8,047/MT

SMP index up 1.9%, average price US$3,068/MT

SWP index not available, average price not available

WMP index up 0.1%, average price US$3,331/MT

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$7-plus still on the cards

Despite four consecutive drops in Global Dairy Trade (GDT) prices, analysts are sticking with a payout of around $7.20/kgMS for this season.

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There was a silver lining to the fourth straight drop in global dairy prices last week: demand in China is recovering.

Dairy fundamentals looking good

Independent economist Cameron Bagrie says dairy fundamentals are looking pretty good, despite the GDT dropping in the past three auctions.

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