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Wednesday, 04 December 2019 08:40

Skim milk powder price up again

Written by  Staff Reporters
Skim milk powder price up again

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

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.

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