Milk Powder Prices Prop Up Farmgate Milk Price
Milk powder prices are keeping farmgate prices up, helping processors offset the dip in milk fat prices.
The Global Dairy Trade (GDT) price index hasn’t seen a rise since May this year.
The overnight GDT auction saw the price index fall 1.3% compared to the previous auction.
Whole milk powder price slid further, dropping 1.8% to US$2768/metric tonne.
Key results
AMF index down 0.6%, average price US$5,294/MT
Butter index down 0.1%, average price US$4,270/MT
BMP not offered
Ched index down 3.5%, average price US$3,503/MT
LAC index down 0.3%, average price US$910/MT
RenCas index up 1.7%, average price US$5,421/MT
SMP index down 1.1%, average price US$1,980/MT
SWP index not available, average price not available
WMP index down 1.8%, average price US$2,768/MT
