Middle East demand cushions global dairy price drop at latest GDT auction
The upheaval in the Middle East may have eased the fall in global dairy prices last week.
While the flagship whole milk powder price rose 1.3%, butter fat prices fell heavily - anhydrous milk fat and butter were both down nearly 5% each.
Skim milk powder was down 3%.
But WMP is now priced at US$3155/tonne.
Key results
AMF index down 4.9%, average price US$6,289/MT
Butter index down 4.9%, average price US$5,747/MT
BMP index up 0.4%, average price US$2,198/MT
Ched index down 4.8%, average price US$3,932/MT
LAC index down 4.3%, average price US$787/MT
RenCas index down 4.4%, average price US$6,122/MT
SMP index down 3.0%, average price US$1,966/MT
WMP index up 1.3%, average price US$3,155/MT
