fbpx
Print this page
Wednesday, 07 February 2018 10:37

Third rise in dairy prices this year

Written by 
Last night’s Global Dairy Trade auction saw the price index up 5.9% over the previous auction. 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%.

Key Results

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

More like this

Popular Reads

Featured

Ballance Urges Farmers to Plan Ahead for El Niño

With forecasters advising El Niño conditions will develop through winter and strengthen into spring and summer, Ballance Agri-Nutrients is encouraging farmers and growers to think ahead about nutrient planning and be prepared to work around challenging weather conditions.

Why 'Fork to Farm' Beats Farm to Fork, Expert Says

In the past, much has been made of the concept of farm to fork, but an Australian expert in food science and marketing with experience in the dairy industry, Dr Angeline Achariya, says the reverse of this slogan is critical to win modern day consumers.

National

Machinery & Products