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Whole milk powder price rose 1.6%.
Global dairy prices eased slightly overnight, however whole milk powder price rose 1.6%.
The Global Dairy Trade (GDT) index dropped 0.6% compared to the previous event; pulled down by a 7% drop in anhydrous milk fat (AMF) price. Skim milk powder also slumped 1.8%.
However whole milk powder price is holding up; rising to US$3278/metric tonne.
Butter also rose, up 4% to nearly US$5500/MT.
Key results
AMF index down 7.0%, average price US$5,806/MT
Butter index up 4.1%, average price US$5,494/MT
BMP index up 1.0%, average price US$1,988/MT
Ched index up 2.2%, average price US$3,679/MT
LAC index up 1.1%, average price US$549/MT
RenCas index up 12.1%, average price US$5,668/MT
SMP index down 1.8%, average price US$1,849/MT
WMP index up 1.6%, average price US$3,278/MT
Global Dairy Trade (GDT) and Arla Foods have announced that Arla will begin offering European-sourced skim milk powder (SMP) on GDT Pulse from May 2025 as part of an extension to the GDT Pulse pilot.
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.
Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.
The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.
Weaker milk production in the Northern Hemisphere is keeping dairy prices high.
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