Wednesday, 07 September 2016 10:13

GDT up 7.7%

Written by 

Global Dairy Trade Event 171 concluded overnight with the GDT price index up 7.7%

The average price was US$2920/MT with 131 winning bidders over 14 rounds.

The all-important whole milk powder index was up a more modest 3.7% with an average price of US$2793/MT.

Key results were:

AMF index up 15.4%, average price US$4,769/MT

Butter index up 14.9%, average price US$3,764/MT

BMP index up 6.8%, average price US$2,070/MT

Ched index up 9.0%, average price US$3,436/MT

LAC index up 2.0%, average price US$787/MT

RenCas index up 6.7%, average price US$6,720/MT

SMP index up 10.0%, average price US$2,224/MT

WMP index up 3.7%, average price US$2,793/MT

The next auction is overnight Tuesday, September 20 with result out Wednesday, September 21.

More like this

Editorial: Happy days

OPINION: The year has started positively for New Zealand dairy farmers and things are likely to get better.

Featured

Penske NZ Appoints Stephen Kelly as General Manager

Penske Australia & New Zealand has appointed Stephen Kelly as the general manager of its Penske NZ operations, effective immediately In this role he will oversee all NZ branch operations, including energy solutions, mining, commercial vehicles, defence, marine, and rail, while continuing to be based at Penske’s Christchurch branch.

National

Machinery & Products

» Latest Print Issues Online

Milking It

Too Lenient

OPINION: Reckless action by Greenpeace in 2024 forced Fonterra to shut down a drying plant for four hours, costing the co-op…

Fossil Fuel Crusade

OPINION: The global crusade against fossil fuel is gaining momentum in some regions.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter