fbpx
Print this page
Wednesday, 19 October 2016 12:40

Dairy prices rebound

Written by 
The GDT price index rose 1.4% at the latest auction. The GDT price index rose 1.4% at the latest auction.

Global dairy prices have risen in the latest Global Dairy Trade (GDT) auction overnight.

The flagship whole milk powder price index was up 2.9%, to US$2760/tonne.

The GDT price index rose 1.4% at the latest auction, following a 3% cent dip in the previous auction- which ended a run of price increases. WMP prices had dipped 3.8% in the previous auction.

The latest price rise could be attributed to supply concerns out of New Zealand; prolonged wet weather in the North Island is affecting milk production.

Key results

AMF index up 1.1%, average price US$5,007/MT

Butter index up 2.6%, average price US$3,984/MT

BMP index up 0.2%, average price US$2,583/MT

Ched index down 3.7%, average price US$3,290/MT

LAC index up 5.6%, average price US$780/MT

RenCas index down 4.5%, average price US$6,286/MT

SMP index down 0.3%, average price US$2,204/MT

WMP index up 2.9%, average price US$2,760/MT

More like this

Popular Reads

Featured

Big return on a small investment

Big return on a small investment

Managing director of Woolover Ltd, David Brown, has put a lot of effort into verifying what seems intuitive, that keeping newborn stock's core temperature stable pays dividends by helping them realise their full genetic potential.

Editorial: Sensible move

OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.

National

Machinery & Products