Middle East demand cushions global dairy price drop at latest GDT auction
The upheaval in the Middle East may have eased the fall in global dairy prices last week.
The GDT price index dropped 1.7%, its third consecutive drop.
Whole milk powder prices slumped 2.2% to US$2936/metric tonne, dipping below the US$3000/MT for the first time since February this year.
Key results
AMF index down 2.9%, average price US$3,873/MT
Butter index down 2.0%, average price US$3,370/MT
BMP not offered
Ched index down 3.6%, average price US$3,442/MT
LAC index down 3.3%, average price US$1,303/MT
SMP index up 1.1%, average price US$2,608/MT
SWP index not available, average price not available
WMP index down 2.2%, average price US$2,936/MT
