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Last night’s Global Dairy Trade auction saw the price index up 5.9% over the previous auction.
Dairy prices have risen for the third consecutive auction this year.
Last night’s Global Dairy Trade (GDT) auction saw the price index up 5.9% over the previous auction.
The flagship whole milk powder prices rose 7.6% to US$3226/metric tonne, the highest it has been in eight months.
Skim milk powder prices rose 7.2%, however it still sits below the US$2000/MT mark.
Butter prices also jumped 7.9%.
AMF index up 0.5%, average price US$6,581/MT
Butter index up 7.9%, average price US$5,277/MT
BMP index up 8.4%, average price US$2,039/MT
Ched index up 7.2%, average price US$3,739/MT
LAC index not available, average price not available
RenCas index up 5.0%, average price US$4,943/MT
SMP index up 7.2%, average price US$1,932/MT
WMP index up 7.6%, average price US$3,226/MT
Global Dairy Trade (GDT) and Arla Foods have announced that Arla will begin offering European-sourced skim milk powder (SMP) on GDT Pulse from May 2025 as part of an extension to the GDT Pulse pilot.
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.
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.
The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.
Weaker milk production in the Northern Hemisphere is keeping dairy prices high.
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Consumers around the world are willing to pay more for products containing dairy and this is driving demand for butter and cream, says Fonterra.
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