fbpx
Print this page
Wednesday, 07 March 2018 10:17

WMP price dip slightly

Written by 
WMP price dip slightly

The whole milk powder price slipped for the first time this year at the overnight Global Dairy Trade (GDT) auction.

 WMP price dropped 0.8% to US$3232/metric tonne. Overall, the GDT price index dropped 0.6%, its second drop this year.

Skim milk powder price, which has been languishing for months, jumped 5.5% to US$2051/metric tonne, breaking the US$2000 barrier for the first time since August last year.

Key results

AMF index down 3.2%, average price US$6,245/MT

Butter index down 1.0%, average price US$5,280/MT

BMP index down 4.3%, average price US$1,959/MT

Ched index up 1.7%, average price US$3,759/MT

LAC index not available, average price not available

RenCas index up 2.2%, average price US$5,128/MT

SMP index up 5.5%, average price US$2,051/MT

WMP index down 0.8%, average price US$3,232/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contractor cop a $12,150 fine, the rural contracting industry is calling time on what they consider to be outdated and unworkable regulations regarding weight and dimensions that they say are impeding their businesses.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.