fbpx
Print this page
Wednesday, 21 March 2018 09:26

Whole milk powder price holds

Written by 
Whole milk powder price holds

Global dairy prices dropped slightly overnight but the flagship whole milk powder price managed a slight increase.

The GDT price index dropped 1.2% compared to the previous auction.

However, whole milk powder price rose 0.1% to US$3226/metric tonne. Futures had earlier predicted a 2% fall in WMP.

Skim milk powder price fell sharply- by 8.6% to US$1887/MT. Butter price was unchanged.

Key results

AMF index unchanged, average price US$6,249/MT

Butter index unchanged, average price US$5,281/MT

BMP not offered

Ched index down 3.9%, average price US$3,609/MT

LAC index not available, average price US$590/MT

RenCas index down 2.9%, average price US$4,948/MT

SMP index down 8.6%, average price US$1,887/MT

WMP index up 0.1%, average price US$3,226/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contractor cop a $12,150 fine, the rural contracting industry is calling time on what they consider to be outdated and unworkable regulations regarding weight and dimensions that they say are impeding their businesses.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.