Wednesday, 18 December 2019 09:28

Dairy prices tumble

Written by  Staff Reporters
Dairy prices tumble

Global dairy prices have recorded one of their biggest drops on the Global Dairy Trade (GDT) platform.

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

 

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