Wednesday, 22 August 2018 08:56

Dairy prices dip

Written by 

Dairy prices went down in the overnight Global Dairy Trade (GDT) auction.

While milk powder (WMP) price index dropped 2.1% to $US$2883/MT.

Westpac’s IQ financial briefing notes that since April, WMP prices have fallen 13%.

The GDT Price Index was down 3.6% compared to the last auction.

Key results

AMF index down 6.9%, average price US$5,321/MT

Butter index down 8.5%, average price US$4,392/MT

BMP not offered

Ched index down 4.7%, average price US$3,484/MT

LAC index not available, average price US$914/MT

RenCas index up 2.8%, average price US$5,138/MT

SMP index down 1.3%, average price US$1,951/MT

SWP index not available, average price not available

WMP index down 2.1%, average price US$2,883/MT


More like this

Tight supply, solid demand

Whole milk powder, butter and cheese prices were the big drivers of the eighth bounce in a row for the Global Dairy Trade (GDT) last week, says Emma Higgins, Rabobank dairy analyst.


» Latest Print Issues Online

The Hound


PM Jacinda Ardern may have many talents, but an understanding of business is clearly not one of them.

The good life?

Your canine crusader admires those people in high positions who do not take their own self-importance too seriously and are…


» Connect with Rural News