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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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No surprise in softer WMP price

Softer whole milk powder (WMP) prices are not surprising given China’s strong import activity recently and the steadily increasing WMP pricing, says Rabobank dairy analyst Emma Higgins.