Wednesday, 18 November 2020 09:29

Dairy prices bounce back

Written by Sudesh Kissun

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Last night's GDT saw a 1.8% boost to the price index.

Dairy prices have bounced back in the latest Global Dairy Trade (GDT) auction.

Last night’s auction saw the GDT price index up 1.8% compared to the previous auction.

The whole milk powder price, which generally sets Fonterra’s milk payout to farmers, rose 1.8% to US$3,037/metric tonne.

Key Results

AMF index up 4.1%, average price US$4,175/MT
Butter index up 0.4%, average price US$3,838/MT
BMP not offered
Ched index down 3.5%, average price US$3,641/MT
LAC index down 18.8%, average price US$887/MT
SMP index up 2.5%, average price US$2,799/MT
SWP index not available, average price not available
WMP index up 1.8%, average price US$3,037/MT

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