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.
Dairy prices have risen for the third consecutive auction this year.
Last night’s Global Dairy Trade (GDT) auction saw the price index up 5.9% over the previous auction.
The flagship whole milk powder prices rose 7.6% to US$3226/metric tonne, the highest it has been in eight months.
Skim milk powder prices rose 7.2%, however it still sits below the US$2000/MT mark.
Butter prices also jumped 7.9%.
AMF index up 0.5%, average price US$6,581/MT
Butter index up 7.9%, average price US$5,277/MT
BMP index up 8.4%, average price US$2,039/MT
Ched index up 7.2%, average price US$3,739/MT
LAC index not available, average price not available
RenCas index up 5.0%, average price US$4,943/MT
SMP index up 7.2%, average price US$1,932/MT
WMP index up 7.6%, average price US$3,226/MT
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