Wednesday, 02 September 2015 08:54

Dairy prices up again

Written by Rural News Group

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The latest dairy auction has seen the dairy index up for the second time in a row, in what will be a welcome result for dairy farmers.

The GDT price index rose 10.9% at last night’s auction, to US$2,226/MT.

The biggest gains were seen for Butter Milk Powder, which rose a massive 30% to an average price of US$1,829/MT.

Whole Milk Powder also gained ground, climbing 12.1% to US$2,078/MT.

Anhydrous Milk Fat and Skim Milk Powder were both up 11.7%, with average prices of US$3,029/MT and US$1,698/MT respectively.

Most other products also saw an increase, with Butter rising 8.1% to US$2,746/MT, followed by Rennet Casein up 6.3% with an average price of US$5,779/MT and Cheddar was up 4.7% to US$2,913/MT.

Lactose was the only product to lose ground, falling 4.0%, to an average price of US$483/MT.

The auction saw a total of 35,865 MT sold.

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