Wednesday, 21 February 2018 11:21

Whole milk powder continues dream run on GDT

Written by 
Whole milk powder prices have lifted for the fourth consecutive time this year. Whole milk powder prices have lifted for the fourth consecutive time this year.

Global dairy prices have broken their golden run of 2018. However, whole milk powder prices have lifted for the fourth consecutive time this year.

Last night’s Global Dairy Trade (GDT) auction saw the price index drop 0.5% compared to the previous auction after lifting for the first three auctions this year.

Whole milk powder price rose slightly. 0.3% to US$3246/metric tonne.

Butter rose 1.1% to US$5334/MT. Skim milk powder dipped 3% to US$1832/MT

WMP price rose for the fourth consecutive auction, rising from a year-low US$2755/MT on December 19 last year.

Key Results

AMF index down 1.9%, average price US$6,458/MT

Butter index up 1.1%, average price US$5,334/MT

BMP not offered

Ched index down 1.3%, average price US$3,686/MT

LAC index not available, average price not available

RenCas index up 0.7%, average price US$4,980/MT

SMP index down 3.0%, average price US$1,832/MT

WMP index up 0.3%, average price US$3,246/MT

 

More like this

Tight supply, solid demand

Whole milk powder, butter and cheese prices were the big drivers of the eighth bounce in a row for the Global Dairy Trade (GDT) last week, says Emma Higgins, Rabobank dairy analyst.

 
 

» Latest Print Issues Online

Milking It

Find me on Tudder

A Tinder-inspired app called Tudder is helping farmers to match their cattle with suitable mates — by swiping right on…

Cow toilet

A farm equipment manufacturer is developing a toilet for cattle and has revealed that cows can be trained to use…

 
 

» Connect with Dairy News