Dairy prices tumble

Last night’s auction saw the GDT Price Index drop 5.1%, compared to the previous auction.

However, the biggest concern will be the massive drop in whole milk powder prices: down 6.7% to US$3099/MT.

Key results

AMF index down 0.3%, average price US$4,866/MT

Butter index down 2.4%, average price US$3,886/MT

BMP not offered

Ched index up 1.7%, average price US$3,869/MT

LAC index up 0.6%, average price US$787/MT

RenCas index up 2.6%, average price US$8,260/MT

SMP index down 6.3%, average price US$2,867/MT

SWP index not available, average price not available

WMP index down 6.7%, average price US$3,099/MT