Wednesday, 20 September 2017 09:06

Butter helps GDT do better

Written by Rural News Group

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Fat-based products have once again led a rise in the GDT auction price index.

Fat-based products have once again led a rise in the GlobalDairyTrade (GDT) auction price index.

In the overnight auction, the price index rose 0.9% over the previous auction; anhydrous milk fat was up 5.3% and butter up 1.2%.

Whole milk powder prices rose 0.6%, in line with earlier futures pricing.

Butter is now selling on GDT at a record price of US$6026/ MT; AMF is fetching US$6764/MT.

Key results

AMF index up 5.3%, average price US$6,764/MT

Butter index up 1.2%, average price US$6,026/MT

BMP not offered

Ched index down 1.9%, average price US$4,032/MT

LAC index down 3.8%, average price US$759/MT

RenCas index down 2.4%, average price US$6,036/MT

SMP index down 1.2%, average price US$1,920/MT

WMP index up 0.6%, average price US$3,122/MT

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