Wednesday, 06 January 2021 08:57

Flying start to 2021

Written by Sudesh Kissun

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The first GDT auction for 2021 recorded a 3.9% rise in the price index.

It's a great start to 2021 for dairy farmers.

The Global Dairy Trade (GDT) overnight auction recorded a 3.9% rise in the price index.

Whole milk powder price, which determines Fonterra's milk price to farmer supplies, lifted 3.1% to US$3,306/metric tonne, sitting at its highest level in 12 months.

Key Results

AMF index up 5.5%, average price US$4,604/MT

Butter index up 7.2%, average price US$4,526/MT

BMP index up 6.9%, average price US$2,876/MT

Ched index up 5.0%, average price US$4,078/MT

LAC index up 7.4%, average price US$1,099/MT

SMP index up 4.1%, average price US$3,044/MT

SWP not offered

WMP index up 3.1%, average price US$3,306/MT

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