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Wednesday, 08 July 2020 08:42

Whopping 14% rise in WMP price!

Written by Staff Reporters

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Whole milk powder price in the overnight Global Dairy Trade auction rose 14%.

New Zealand dairy farmers have woken up to some great news.

Whole milk powder price in the overnight Global Dairy Trade (GDT) auction rose a whopping 14% to US$3,208/metric tonne.

The GDT price index was up 8.3% compared to the last auction.

All products on offer saw an increase in their average prices.

Key results

AMF index down 0.2%, average price US$3,981/MT

Butter index up 3.0%, average price US$3,717/MT

BMP index up 3.8%, average price US$2,417/MT

Ched index up 3.3%, average price US$3,762/MT

LAC index up 1.9%, average price US$1,309/MT

SMP index up 3.5%, average price US$2,694/MT

SWP index not available, average price not available

WMP index up 14.0%, average price US$3,208/MT

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Whopping 14% rise in WMP price!

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