Wednesday, 21 February 2018 11:21

Whole milk powder continues dream run on GDT

Written by Rural News Group

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Whole milk powder prices have lifted for the fourth consecutive time this year.

Global dairy prices have broken their golden run of 2018. However, whole milk powder prices have lifted for the fourth consecutive time this year.

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

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