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The GDT auction price index rose 3.6% overnight.
Global dairy prices have risen for the first time in two months.
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
Global Dairy Trade (GDT) and Arla Foods have announced that Arla will begin offering European-sourced skim milk powder (SMP) on GDT Pulse from May 2025 as part of an extension to the GDT Pulse pilot.
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.
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.
The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.
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