Wednesday, 22 January 2020 08:38

Dairy prices rise

Written by  Staff Reporters
The GDT price index rose 1.7% overnight. The GDT price index rose 1.7% overnight.

The second Global Dairy Trade (GDT) auction of the year has delivered another positive result.

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 

 

More like this

Dairy prices tumble

Global dairy prices have recorded one of their biggest drops on the Global Dairy Trade (GDT) platform.

Featured

 

Southern treasure or trash?

A man who bought an opencast Southland lignite mine 18 years ago no longer sells the coal for fuel, but sings its praises as stock food, fertiliser and soil conditioner. 

NZ to bend on GIs

The European Union wants New Zealand to bring in a much stricter set of rules for Geographical Indicators (GIs) on food, says an intellectual property (IP) expert.

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Moody cows

Mood swings are a well-known part of puberty, and it seems that’s it is not just humans. Canadian research suggests…

Revolving doors

Aussie farmers could be forgiven for recalling the name of their current Minister for Agriculture.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter