Dairy prices dip

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