Milk Powder Prices Prop Up Farmgate Milk Price
Milk powder prices are keeping farmgate prices up, helping processors offset the dip in milk fat prices.
Last night’s Global Dairy Trade (GDT) auction price index rose 3.6% to an average price of US$3092/metric tonne.
The all-important whole milk powder price rose 3.2% to US$2985/MT.
Skim milk powder was one of the big gainers; average price rose 8.4% to US$2889/MT.
Key results
AMF index up 2.0%, average price US$3,910/MT
Butter index down 1.4%, average price US$3,282/MT
BMP not offered
Ched index up 7.2%, average price US$3,674/MT
LAC index down 2.7%, average price US$1,277/MT
SMP index up 8.4%, average price US$2,889/MT
SWP index not available, average price not available
WMP index up 3.2%, average price US$2,985/MT
