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Wednesday, 16 January 2019 08:28

Dairy prices lift

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The overnight GDT auction price index rose 4.2% compared to the previous auction. The overnight GDT auction price index rose 4.2% compared to the previous auction.

Dairy prices are continuing their good run in 2019.

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

More like this

$10.25/kgMS milk price now in play

A significant rise in Global Dairy Trade (GDT) auction last week has prompted one bank to lift its forecast milk price for the season to above Fonterra's mid-point.

$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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