Wednesday, 08 September 2021 08:34

Solid gains in milk powder prices

Written by Sudesh Kissun

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The whole milk powder price 3.3% at last night's GDT auction.

Dairy prices on the overnight Global Dairy Trade (GDT) auction recorded their biggest gains in six months.

The GDT price index rose 4%, its biggest jump since March when it soared 15%.

Whole milk powder price rose 3.3% to US$3691/metric tonne, its biggest rise since gaining 21% in March.

Skim milk powder also recorded a big jump; rising 7.3% to US$3274/MT.

Key Results

AMF index up 3.1%, average price US$5,970/MT
Butter index up 3.7%, average price US$4,948/MT
BMP index up 3.0%, average price US$3,287/MT
Ched index up 3.6%, average price US$4,328/MT
LAC index up 6.4%, average price US$1,167/MT
SMP index up 7.3%, average price US$3,274/MT
SWP not offered
WMP index up 3.3%, average price US$3,691/MT

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