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Wednesday, 19 February 2020 08:57

Dairy prices drop again

Written by  Staff Reporters
Uncertainty surrounding coronavirus and its impact on the Chinese economy are thought to be behind the GDT drops. Uncertainty surrounding coronavirus and its impact on the Chinese economy are thought to be behind the GDT drops.

Global dairy prices have recorded their second big drop in two weeks.

The GDT price index was down 2.9% compared to their previous event two weeks ago.

Whole milk powder price dipped 2.6% and is now below the US $3000/MT mark.

The consecutive drops in GDT prices are attributed to uncertainty surrounding coronavirus and its impact on the Chinese economy.

Key results

AMF index down 5.5%, average price US$4,379/MT

Butter index down 3.9%, average price US$4,090/MT

BMP not offered

Ched index up 5.3%, average price US$4,526/MT

LAC index not available, average price US$822/MT

RenCas index down 0.9%, average price US$9,873/MT

SMP index down 2.6%, average price US$2,840/MT

SWP index not available, average price not available

WMP index down 2.6%, average price US$2,966/MT

 

 

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$10 milk price still on

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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