Middle East demand cushions global dairy price drop at latest GDT auction
The upheaval in the Middle East may have eased the fall in global dairy prices last week.
Global dairy prices have dipped slightly after consecutive rises in the Global Dairy Trade auction.
Last night’s auction delivered a 0.5% drop to the GDT price index.
However, whole milk powder was up 0.1% to US$3331/metric tonne.
Skim milk powder also continues its merry run, up 1.9% to US$3068/MT.
Key results
AMF index down 5.1%, average price US$4,840/MT
Butter index down 4.9%, average price US$3,983/MT
BMP index up 1.6%, average price US$2,846/MT
Ched index up 2.7%, average price US$3,797/MT
LAC index not available, average price US$779/MT
RenCas index up 4.9%, average price US$8,047/MT
SMP index up 1.9%, average price US$3,068/MT
SWP index not available, average price not available
WMP index up 0.1%, average price US$3,331/MT
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