Middle East demand cushions global dairy price drop at latest GDT auction
The upheaval in the Middle East may have eased the fall in global dairy prices last week.
The GDT price index rose 1.7%; the first auction of 2020, two weeks ago, recorded a 2.8% rise.
Whole milk powder price jumped 2.4% to US$3,233/ metric tonne.
Last night’s auction sold 33,165 MT of products: 191 bidders took part.
Key results
AMF index down 2.6%, average price US$4,821/MT
Butter index up 5.5%, average price US$4,250/MT
BMP not offered
Ched index up 0.6%, average price US$4,048/MT
LAC index up 0.5%, average price US$806/MT
RenCas index up 4.7%, average price US$9,375/MT
SMP index up 0.7%, average price US$3,036/MT
SWP not offered
WMP index up 2.4%, average price US$3,233/MT
