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Whole milk powder price rose slightly in the overnight Global Dairy Trade auction.
Whole milk powder (WMP) price rose slightly in the overnight Global Dairy Trade (GDT) auction.
The 0.2% rise pushed WMP price to US$3226/metric tonne.
Skim milk powder rose 3%, reaching US$2047/MT.
The GDT price index was up 1.9% compared to the previous auction.
Key Results
AMF index up 5.8%, average price US$6,354/MT
Butter index up 2.4%, average price US$5,787/MT
BMP not offered
Ched index up 4.4%, average price US$4,205/MT
LAC index down 3.5%, average price US$687/MT
RenCas index down 6.1%, average price US$4,876/MT
SMP index up 3.0%, average price US$2,047/MT
SWP index not available, average price not available
WMP index up 0.2%, average price US$3,226/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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