Wednesday, 17 February 2021 08:44

Dairy's golden run continues

Written by  Sudesh Kissun
The most recent GDT event saw the price index rise 3%. The most recent GDT event saw the price index rise 3%.

Global dairy prices have continued their golden run, with the Global Dairy Trade auction recording its seventh consecutive rise in the price index.

Last night’s GDT event saw the price index rise 3%. Since November last year, the price index has gained over 20%.

GDT’s flagship products- whole milk powder prices continue to rise with last night’s auction recording a 4.3% lift to US$3615/metric tonne.

WMP prices are at levels not seen since December 2016, when it reached US$3593/MT.

Key Results

AMF index up 1.1%, average price US$5,527/MT

Butter index up 2.0%, average price US$5,129/MT

BMP not offered

Ched index up 2.4%, average price US$4,268/MT

LAC index up 0.4%, average price US$1,232/MT

SMP index up 0.3%, average price US$3,207/MT

SWP not offered

WMP index up 4.3%, average price US$3,615/MT

More like this

Up, up and away

Don't rule out another lift in Fonterra’s milk price with global dairy prices on a roll, say commentators.

National

Arla eyeing $1b online sales

European cooperative Arla is fast tracking plans to become the trading bloc’s dairy market leader for e-commerce as more consumers…

DairyNZ sets the record straight

DairyNZ has launched a major public information programme to give farmers an accurate assessment of the Climate Change Commissions report…

Dairy's golden run continues

Global dairy prices have continued their golden run, with the Global Dairy Trade auction recording its seventh consecutive rise in…

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Bad Week

OPINION: It's been a bad week for Fonterra. 

Nothing beats milk

OPINION: Immune system support and disease prevention are top of mind for Americans stuck at home during Covid lockdowns and…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter