Wednesday, 04 April 2018 08:42

Whole milk powder price up 1.6%

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Whole milk powder price rose 1.6%. 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

 

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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.

 
 

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