Wednesday, 18 February 2015 08:42

Global Dairy Trade up 10%

Written by Rural News Group

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Last night's GlobalDairyTrade auction saw the fifth consecutive gain for dairy prices since December.

The GDT price index has risen 10.1% since the February 3 auction, with the average price now at US$3,366.

Across the board, prices were up. Cheddar gained the greatest ground with an average price of US$3,054, a 16.8% rise since the last auction. This was followed by whole milk powder, up 13.7% with an average price of US$3,272. Skim milk powder also saw gains.

Last night's results will be welcome news for farmers, many of whom are struggling with a combination of drought conditions and a lower than expected payout.

Key Results:

AMF index up 6.4%, average price US$4,314/MT
Butter index up 1.1%, average price US$3,823/MT
BMP index up 1.9%, average price US$2,674/MT
Ched index up 16.8%, average price US$3,054/MT
LAC not offered
RenCas index up 1.2%, average price US$8,897/MT
SMP index up 5.7%, average price US$2,744/MT
SWP index not available, average price not available
WMP index up 13.7%, average price US$3,272/MT

Full results have been published on www.GlobalDairyTrade.info.

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