fbpx
Print this page
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

$10.25/kgMS milk price now in play

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.

$10 milk price still on

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.

Mixed results on GDT

The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.

Popular Reads

Featured

National

Machinery & Products

Farming smarter with technology

The National Fieldays is an annual fixture in the farming calendar: it draws in thousands of farmers, contractors, and industry…