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

More like this

$10.25/kgMS milk price now in play

A significant rise in Global Dairy Trade (GDT) auction last week has prompted one bank to lift its forecast milk price for the season to above Fonterra's mid-point.

$10 milk price still on

Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.

Mixed results on GDT

The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.

Featured

National

Machinery & Products

Farming smarter with technology

The National Fieldays is an annual fixture in the farming calendar: it draws in thousands of farmers, contractors, and industry…

» Latest Print Issues Online

Milking It

110,000 visitors!

OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.

Sticky situation

OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter