Wednesday, 16 May 2018 08:58

Slight rise in WMP price

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Whole milk powder price rose slightly in the overnight Global Dairy Trade auction. Whole milk powder price rose slightly in the overnight Global Dairy Trade auction.

Whole milk powder (WMP) price rose slightly in the overnight Global Dairy Trade (GDT) auction.

The 0.2% rise pushed WMP price to US$3226/metric tonne.

Skim milk powder rose 3%, reaching US$2047/MT.

The GDT price index was up 1.9% compared to the previous auction.

Key Results

AMF index up 5.8%, average price US$6,354/MT

Butter index up 2.4%, average price US$5,787/MT

BMP not offered

Ched index up 4.4%, average price US$4,205/MT

LAC index down 3.5%, average price US$687/MT

RenCas index down 6.1%, average price US$4,876/MT

SMP index up 3.0%, average price US$2,047/MT

SWP index not available, average price not available

WMP index up 0.2%, average price US$3,226/MT

 

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Demand triggers skim milk powder price rise

Whole milk powder prices were softer at last week’s GDT auction, taking the average price down 1.5% to US$3231/t and the overall price index down 1.1%, says Rabobank dairy analyst Emma Higgins.  

GDT price index down 1.1%

The second to last Global Dairy Trade (GDT) event for the 2017-18 production season saw the auction’s price index down 1.1%.

Milk powder prices still cause for smiles

Whole milk powder saw a small lift of 1.6% to US$3278/tonne at last week’s GDT auction despite the small decline in overall prices of 1.6%, says Emma Higgins, from RaboResearch.  

 
 

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