Wednesday, 05 September 2018 08:16

WMP price keeps falling

Written by Rural News Group

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The overall GDT price index dropped 0.7% overnight.

The whole milk powder price has fallen to an eight-month low in the latest Global Dairy Trade (GDT) auction.

Last night’s auction saw WMP prices dip to US$2821/MT. On December 19 last year, WMP price dropped to US$2755/MT, the lowest recorded price over the past two years.

The overall GDT price index dropped 0.7%.

Butter index was down 2.8% to US$4271/MT. However, skim milk powder index was up 2.2% to US$2005/MT.

Key results

AMF index up 0.2%, average price US$5,316/MT

Butter index down 2.8%, average price US$4,271/MT

BMP index up 0.1%, average price US$2,474/MT

Ched index up 4.2%, average price US$3,631/MT

LAC index down 0.5%, average price US$917/MT

RenCas index up 3.7%, average price US$5,326/MT

SMP index up 2.2%, average price US$2,005/MT

SWP index not available, average price not available

WMP index down 2.2%, average price US$2,821/MT

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