Drop in dairy prices

Written by Rural News Group

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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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