Wednesday, 17 February 2021 08:44

Dairy's golden run continues

Written by Sudesh Kissun

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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

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