Wednesday, 08 November 2017 09:17

Drop in dairy prices

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Dairy prices have fallen for the third successive GlobalDairyTrade auction. Dairy prices have fallen for the third successive GlobalDairyTrade auction.

Dairy prices have fallen for the third successive Global Dairy Trade auction.

The GDT price index was down 3.5% in the overnight auction, the largest fall in the last three auctions.

The flagship whole milk powder price was down 5.5% to US$2852/MT, compared to the previous auction.

Butter price also came down from its record high, dropping 3.6%.

Key Results

AMF index up 0.5%, average price US$6,894/MT

Butter index down 3.6%, average price US$5,516/MT

BMP index up 7.2%, average price US$1,931/MT

Ched index down 2.8%, average price US$4,001/MT

LAC index not available, average price not available

RenCas index down 4.0%, average price US$5,465/MT

SMP index up 1.2%, average price US$1,818/MT

WMP index down 5.5%, average price US$2,852/MT

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