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The Global Dairy Trade (GDT) price index remains unchanged after the overnight auction.
Whole milk powder price rose 0.1% to US$2958/MT; skim milk powder price index lifted 0.3% to US$1972/MT.
Key results
AMF index up 1.2%, average price US$5,709/MT
Butter index down 3.2%, average price US$4,802/MT
BMP index down 5.9%, average price US$2,441/MT
Ched index up 1.3%, average price US$3,663/MT
LAC index not available, average price not available
RenCas index up 8.0%, average price US$4,971/MT
SMP index down 0.3%, average price US$1,972/MT
SWP index not available, average price not available
WMP index up 0.1%, average price US$2,958/MT
Global Dairy Trade (GDT) and Arla Foods have announced that Arla will begin offering European-sourced skim milk powder (SMP) on GDT Pulse from May 2025 as part of an extension to the GDT Pulse pilot.
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.
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.
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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