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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
Global Dairy Trade (GDT) and Arla Foods have announced that Arla will begin offering European-sourced skim milk powder (SMP) on GDT Pulse from May 2025 as part of an extension to the GDT Pulse pilot.
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.
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.
The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.
Weaker milk production in the Northern Hemisphere is keeping dairy prices high.
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