Weak supply keeping prices high
Weaker milk production in the Northern Hemisphere is keeping dairy prices high.
The Global Dairy Trade (GDT) auction overnight saw the price index drop 1.6%.
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
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