Wednesday, 04 March 2020 09:10

Third straight drop for GDT price index

Written by  Staff Reporters
Coronavirus uncertainty has led to the third consecutive drop in the Global Dairy Trade price index. Coronavirus uncertainty has led to the third consecutive drop in the Global Dairy Trade price index.

Global dairy prices have dropped for the third consecutive auction.

The Global Dairy Trade (GDT) price index was down 1.2% overnight, following drops of 5,5% and 4.7%.

The poor run is being blamed by uncertainty around the spread of coronavirus.

Key results

AMF index down 1.7%, average price US$4,302/MT

Butter index up 1.0%, average price US$4,131/MT

BMP index down 4.8%, average price US$2,718/MT

Ched index down 4.7%, average price US$4,285/MT

LAC index up 5.7%, average price US$871/MT

RenCas index up 0.5%, average price US$9,891/MT

SMP index down 3.2%, average price US$2,747/MT

SWP index not available, average price not available

WMP index down 0.5%, average price US$2,952/MT 

More like this

$7-plus still on the cards

Despite four consecutive drops in Global Dairy Trade (GDT) prices, analysts are sticking with a payout of around $7.20/kgMS for this season.

Is China back?

There was a silver lining to the fourth straight drop in global dairy prices last week: demand in China is recovering.

Dairy fundamentals looking good

Independent economist Cameron Bagrie says dairy fundamentals are looking pretty good, despite the GDT dropping in the past three auctions.

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