Milk Powder Prices Prop Up Farmgate Milk Price
Milk powder prices are keeping farmgate prices up, helping processors offset the dip in milk fat prices.
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
