Wednesday, 05 April 2017 15:21

Global dairy prices rise

Written by Rural News Group

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Dairy prices rose in the overnight Global Dairy Trade (GDT) auction, for the second time in a row.

The flagship whole milk powder price rose 2.4% over the previous auction to reach US$2924/tonne.

The US$3000 a tonne level for WMP is generally regarded as the break-even point for farmers.

The GDT price index is up 1.6% per cent from the previous auction two weeks ago to US$3,005. Some 22,642 tonnes of product was sold, up from 22,498 at the previous auction.

Key results

AMF index up 2.5%, average price US$5,936/MT

Butter index down 1.6%, average price US$4,751/MT

BMP index down 12.2%, average price US$1,588/MT

Ched index down 4.4%, average price US$3,288/MT

LAC index up 2.2%, average price US$927/MT

RenCas index up 6.9%, average price US$6,260/MT

SMP index down 0.8%, average price US$1,913/MT

WMP index up 2.4%, average price US$2,924/MT

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