fbpx
Print this page
Wednesday, 07 March 2018 10:17

WMP price dip slightly

Written by 

The whole milk powder price slipped for the first time this year at the overnight Global Dairy Trade (GDT) auction.

 WMP price dropped 0.8% to US$3232/metric tonne. Overall, the GDT price index dropped 0.6%, its second drop this year.

Skim milk powder price, which has been languishing for months, jumped 5.5% to US$2051/metric tonne, breaking the US$2000 barrier for the first time since August last year.

Key results

AMF index down 3.2%, average price US$6,245/MT

Butter index down 1.0%, average price US$5,280/MT

BMP index down 4.3%, average price US$1,959/MT

Ched index up 1.7%, average price US$3,759/MT

LAC index not available, average price not available

RenCas index up 2.2%, average price US$5,128/MT

SMP index up 5.5%, average price US$2,051/MT

WMP index down 0.8%, average price US$3,232/MT

More like this

$10.25/kgMS milk price now in play

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.

Featured

Editorial: Right call

OPINION: Public pressure has led to Canterbury Police rightly rolling back its proposed restructure that would have seen several rural police stations closed in favour of centralised hubs.

National

Machinery & Products

New McHale terra drive axle option

Well-known for its Fusion baler wrapper combination, Irish manufacturer McHale has launched an interesting option at the recent Irish Ploughing…

Amazone unveils flagship spreader

With the price of fertiliser still significantly higher than 2024, there is an increased onus on ensuring its spread accurately at…