Global milk surplus drives dairy prices lower at latest GDT auction
Plentiful milk supplies from key producer countries are weighing down global dairy prices.
The Global Dairy Trade (GDT) auction overnight saw little change in dairy prices.
The GDT price index rose 0.2% compared to the previous auction.
Whole milk powder price was down 0.2% and skim milk powder up 2.7%.
Key results
AMF index unchanged, average price US$4,997/MT
Butter index down 0.2%, average price US$4,125/MT
BMP index up 6.7%, average price US$2,670/MT
Ched index down 3.4%, average price US$3,717/MT
LAC index up 1.8%, average price US$784/MT
RenCas index up 0.7%, average price US$6,683/MT
SMP index up 2.7%, average price US$2,674/MT
SWP index not available, average price not available
WMP index down 0.2%, average price US$3,141/MT
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