Wednesday, 05 June 2019 09:07

Milk prices dip, again

Written by 
The whole milk powder price index was down 1.5%. The whole milk powder price index was down 1.5%.

The global dairy price index recorded its second straight drop overnight.

The GDT price index was down 3.4% compared to the previous auction; since early May, the GDT price index has suffered two declines after a golden run of price increases from December 2018.

The whole milk powder index was down 1.5% to US$3,138/metric tonne, despite Fonterra reporting drop in milk production both in NZ and Australia.

Key results

AMF index down 5.7%, average price US$5,752/MT

Butter index down 10.3%, average price US$4,805/MT

BMP index down 10.1%, average price US$2,807/MT

Ched index down 14.0%, average price US$3,950/MT

LAC index up 0.4%, average price US$897/MT

RenCas index up 4.2%, average price US$7,201/MT

SMP index down 4.0%, average price US$2,436/MT

SWP index not available, average price not available

WMP index down 1.5%, average price US$3,138/MT

 

More like this

Forecasts steady as demand holds

Banks are mainly holding firm on their forecasts of $7/kgMS despite last week’s flat Global Dairy Trade result – a small decline of 0.4% in the overall price index.

$7 payout still on the cards

Economists are still sticking to a 2019/20 season forecast of around $7/kgMS despite the 3.8% drop in the Global Dairy Trade overall price index last week.

Dairy prices tumble

Global dairy prices have tumbled in the latest Global Dairy Trade (GDT) event.

US milk powder giant rejoins GDT

The largest milk powder producer in the US, DairyAmerica is coming back to Global Dairy Trade (GDT), re-launching skim milk powder on July 16.

 
 

» The RNG Weather Report

» Latest Print Issues Online

Milking It

No tea, we’re vegan

UK vegans are demanding a law change to ban discrimination against plant-based eaters in workplaces.

Fake cows

Even more fibreglass cows may join those seen ‘grazing’ Morrinsville streets for four years.

» Connect with Dairy News