Wednesday, 20 February 2019 08:58

Sixth straight rise in GDT price index

Written by 

The Global Dairy Trade price index was up marginally in the auction overnight with a gain of 0.9%.

The result was the sixth consecutive gain – but nowhere near the hefty 6.7% increase at the last auction two weeks ago.

Key product whole milk powder (WMP) was up just 0.3% to an average price of US$3022/MT.

There were 120 winning bidders from a field of 169 and 25,324MT of product was sold at an average price of US$3271/MT.

Key results

AMF index up 0.7%, average price US$5,620/MT

Butter index up 1.2%, average price US$4,495/MT

BMP not offered

Ched index up 2.9%, average price US$3,667/MT

LAC index down 2.9%, average price US$998/MT

RenCas index up 2.7%, average price US$5,740/MT

SMP index up 2.8%, average price US$2,580/MT

SWP index not available, average price not available

WMP index up 0.3%, average price US$3,022/MT

More like this

$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

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.

Featured

National

Machinery & Products

» Latest Print Issues Online

Milking It

Cuddling cows

OPINION: Years of floods and low food prices have driven a dairy farm in England's northeast to stop milking its…

Bikinis in cowshed

OPINION: An animal activist organisation is calling for an investigation into the use of dairy cows in sexuallly explicit content…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter