Wednesday, 08 July 2020 08:42

Whopping 14% rise in WMP price!

Written by  Staff Reporters
Whole milk powder price in the overnight Global Dairy Trade auction rose 14%. Whole milk powder price in the overnight Global Dairy Trade auction rose 14%.

New Zealand dairy farmers have woken up to some great news.

Whole milk powder price in the overnight Global Dairy Trade (GDT) auction rose a whopping 14% to US$3,208/metric tonne.

The GDT price index was up 8.3% compared to the last auction.

All products on offer saw an increase in their average prices.

Key results

AMF index down 0.2%, average price US$3,981/MT

Butter index up 3.0%, average price US$3,717/MT

BMP index up 3.8%, average price US$2,417/MT

Ched index up 3.3%, average price US$3,762/MT

LAC index up 1.9%, average price US$1,309/MT

SMP index up 3.5%, average price US$2,694/MT

SWP index not available, average price not available

WMP index up 14.0%, average price US$3,208/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.

$10 milk price still on

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.

Mixed results on GDT

The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.

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