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Wednesday, 18 April 2018 09:07

Global dairy prices up

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Global dairy prices up

Global dairy prices rose slightly in the overnight Global Dairy Trade (GDT) auction.

The GDT price index was up 2.7% compared to the previous auction.

Whole milk powder price rose 0.9% to US$3,311/MT; skim milk powder also rose, 3.6% to US$1913/MT.

Key Results

AMF index up 5.3%, average price US$6,120/MT

Butter index up 2.9%, average price US$5,654/MT

BMP not offered

Ched index up 4.6%, average price US$3,855/MT

LAC index up 14.8%, average price US$687/MT

RenCas index up 3.1%, average price US$5,792/MT

SMP index up 3.6%, average price US$1,913/MT

WMP index up 0.9%, average price US$3,311/MT

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$10.25/kgMS milk price now in play

$10.25/kgMS milk price now in play

A significant rise in Global Dairy Trade (GDT) auction last week has prompted one bank to lift its forecast milk price for the season to above Fonterra's mid-point.

$10 milk price still on

$10 milk price still on

Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.

Mixed results on GDT

The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.

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