Middle East demand cushions global dairy price drop at latest GDT auction
The upheaval in the Middle East may have eased the fall in global dairy prices last week.
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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