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The overall GDT price index dropped 0.7% overnight.
The whole milk powder price has fallen to an eight-month low in the latest Global Dairy Trade (GDT) auction.
Last night’s auction saw WMP prices dip to US$2821/MT. On December 19 last year, WMP price dropped to US$2755/MT, the lowest recorded price over the past two years.
The overall GDT price index dropped 0.7%.
Butter index was down 2.8% to US$4271/MT. However, skim milk powder index was up 2.2% to US$2005/MT.
Key results
AMF index up 0.2%, average price US$5,316/MT
Butter index down 2.8%, average price US$4,271/MT
BMP index up 0.1%, average price US$2,474/MT
Ched index up 4.2%, average price US$3,631/MT
LAC index down 0.5%, average price US$917/MT
RenCas index up 3.7%, average price US$5,326/MT
SMP index up 2.2%, average price US$2,005/MT
SWP index not available, average price not available
WMP index down 2.2%, average price US$2,821/MT
Global Dairy Trade (GDT) and Arla Foods have announced that Arla will begin offering European-sourced skim milk powder (SMP) on GDT Pulse from May 2025 as part of an extension to the GDT Pulse pilot.
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.
Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.
The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.
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