fbpx
Print this page
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

$10.25/kgMS milk price now in play

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.

Popular Reads

Featured

Rural contractors call for overhaul of ag vehicle rules

Following a recent overweight incursion that saw a Mid-Canterbury contractor cop a $12,150 fine, the rural contracting industry is calling time on what they consider to be outdated and unworkable regulations regarding weight and dimensions that they say are impeding their businesses.

NZ seeks certainty on US tariff, says McClay

Trade Minister Todd McClay says his officials plan to meet their US counterparts every month from now on to better understand how the 15% tariff issue there will play out, and try and get some certainty there for our exporters about the future.

National

Machinery & Products

JDLink Boost for NZ farms

JDLink Boost for NZ farms

Connectivity is widely recognised as one of the biggest challenges facing farmers, but it is now being overcome through the…

New generation Defender HD11

The all-new 2026 Can-Am Defender HD11 looks likely to raise the bar in the highly competitive side-by-side category.