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Global dairy prices dipped slightly in the overnight Global Dairy Trade (GDT) auction.
The GDT price index was down 0.4% compared to the previous auction, with key product whole milk powder down 0.8%, SMP up 0.7%, and butter unchanged.
Key results
AMF index down 1.5%, average price US$4,988/MT
Butter index unchanged, average price US$4,029/MT
BMP index up 3.4%, average price US$2,476/MT
Ched index down 0.8%, average price US$3,827/MT
LAC index down 0.9%, average price US$729/MT
RenCas index up 4.6%, average price US$6,632/MT
SMP index up 0.7%, average price US$2,500/MT
SWP index not available, average price not available
WMP index down 0.8%, average price US$3,076/MT
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Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.
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