Wednesday, 07 October 2015 08:43

Dairy prices continue to soar

Written by Rural News Group

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The latest Global Dairy Trade (GDT) auction has delivered more good new for dairy farmers.

This morning's GDT price index rose 9.9%, its fourth consecutive rise.

More importantly, the average price of Fonterra's flagship commodity export - whole milk powder- rose 12.9% to US$2824/tonne.

Skim milk powder price rose 13.4% to US$2267/tone.

Full results

AMF index up 9.9%, average price US$3,763/MT
Butter index down 2.3%, average price US$3,037/MT
BMP index up 13.8%, average price US$1,945/MT
Ched index up 0.5%, average price US$3,234/MT
LAC index up 5.9%, average price US$524/MT
RenCas index up 4.0%, average price US$6,048/MT
SMP index up 13.4%, average price US$2,267/MT
WMP index up 12.9%, average price US$2,824/MT

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