Dairy prices skyrocket!

The GDT price index jumped 15% compared to the previous auction, its eighth consecutive price rise.

Whole milk powder prices, used by Fonterra to set its milk payout, rose a whopping 21% to US$4364/MT, a seven-year high.

Key Results

AMF index up 7.4%, average price US$5,929/MT

Butter index up 13.7%, average price US$5,826/MT

BMP index down 0.3%, average price US$3,144/MT

Ched index up 1.3%, average price US$4,280/MT

LAC index up 4.9%, average price US$1,278/MT

SMP index up 3.5%, average price US$3,302/MT

SWP not offered

WMP index up 21.0%, average price US$4,364/MT