Buyers Push Dairy Prices Higher as GDT Index Jumps 24%
Buyers trying to secure supply are keeping dairy prices at elevated levels.
The overnight Global Dairy Trade (GDT) auction price index rose 4.2% compared to the previous auction.
The first auction of 2019 on January 2 was up 2.8%.
Whole milk powder price was up 3% overnight to US$2,777/MT.
Key results
AMF index up 3.2%, average price US$5,294/MT
Butter index up 4.6%, average price US$4,262/MT
BMP not offered
Ched index up 4.2%, average price US$3,504/MT
LAC index up 7.9%, average price US$1,032/MT
RenCas index down 1.4%, average price US$5,047/MT
SMP index up 10.3%, average price US$2,405/MT
SWP index not available, average price not available
WMP index up 3.0%, average price US$2,777/MT
