fbpx
Print this page
Wednesday, 16 May 2018 08:58

Slight rise in WMP price

Written by 
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

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.

Popular Reads

Featured

Editorial: Sensible move

Editorial: Sensible move

OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.

National

Machinery & Products