$8 final milk price likely
An $8/kgMS farm gate milk price is still on the cards with less than six weeks left to run this season.
Last night’s Global Dairy Trade (GDT) auction saw the price index drop 0.5% compared to the previous auction after lifting for the first three auctions this year.
Whole milk powder price rose slightly. 0.3% to US$3246/metric tonne.
Butter rose 1.1% to US$5334/MT. Skim milk powder dipped 3% to US$1832/MT
WMP price rose for the fourth consecutive auction, rising from a year-low US$2755/MT on December 19 last year.
Key Results
AMF index down 1.9%, average price US$6,458/MT
Butter index up 1.1%, average price US$5,334/MT
BMP not offered
Ched index down 1.3%, average price US$3,686/MT
LAC index not available, average price not available
RenCas index up 0.7%, average price US$4,980/MT
SMP index down 3.0%, average price US$1,832/MT
WMP index up 0.3%, average price US$3,246/MT
