Wednesday, 02 August 2017 10:24

WMP price up, GDT index down

Written by 
The GDT auction overnight saw the price index drop 1.6%. The GDT auction overnight saw the price index drop 1.6%.

The Global Dairy Trade (GDT) auction overnight saw the price index drop 1.6%.

While the flagship whole milk powder price rose 1.3%, butter fat prices fell heavily - anhydrous milk fat and butter were both down nearly 5% each.

Skim milk powder was down 3%.

But WMP is now priced at US$3155/tonne.

Key results

AMF index down 4.9%, average price US$6,289/MT

Butter index down 4.9%, average price US$5,747/MT

BMP index up 0.4%, average price US$2,198/MT

Ched index down 4.8%, average price US$3,932/MT

LAC index down 4.3%, average price US$787/MT

RenCas index down 4.4%, average price US$6,122/MT

SMP index down 3.0%, average price US$1,966/MT

WMP index up 1.3%, average price US$3,155/MT

More like this

Dairy prices slip

Dairy prices pulled back a bit in the overnight Global Dairy Trade (GDT) auction and it’s mostly to do with New Zealand’s biggest market, China.

Optimism in the air

There is a feeling of optimism in the dairy industry, says Federated Farmers dairy section chair Richard McIntyre.

Dairy has 'turned a corner'

A leading farm accountant and consultant believes the dairy industry has turned a corner as the rural sector navigates a downturn.

Featured

Vaccinate against new lepto strain

A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.

TV series to combat food waste

Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.

National

Frontline biosecurity 'untouchable'

Biosecurity Minister Andrew Hoggard has reiterated that 'frontline' biosecurity services within Ministry for Primary Industries (MPI) will not be cut…

Machinery & Products

New name, new ideas

KGM New Zealand, is part of the London headquartered Inchcape Group, who increased its NZ presence in August 2023 with…

All-terrain fert spreading mode

Effluent specialists the Samson Group have developed a new double unloading system to help optimise uphill and downhill organic fertiliser…

» Latest Print Issues Online

Milking It

Plant-based bubble bursts

OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter