Wednesday, 22 August 2018 08:56

Dairy prices dip

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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

GDT price jump surprises economists

The 2.7% jump in last week’s Global Dairy Trade overall price index – with a 3.6% bounce in whole milk powder – was a surprise, economists agree.

Forecasts steady as demand holds

Banks are mainly holding firm on their forecasts of $7/kgMS despite last week’s flat Global Dairy Trade result – a small decline of 0.4% in the overall price index.

 
 

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