Wednesday, 18 March 2015 09:38

Dairy prices fall

Written by Rural News Group

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The GlobalDairyTrade (GDT) auction slumped overnight, after six straight increases.

The GDT index fell 8.8% to an average price of US$3136 (NZ$4292) a tonne, down from US$3374 at the previous auction.

Last night’s auction is the first to be held since the revelation that someone had threatened to contaminate milk products, with the pest control poison 1080.

Whole milk powder slumped 9.6%.

Every other product traded also fell, with rennet casein down 15.2%, butter milk powder down 11.6%, butter down 9.4%, anhydrous milk fat down 8.4%, cheddar down 7.4%, and skim milk powder down 5.5%.

Just over 20,000 tonnes of product was traded at the latest auction.

Key Results

AMF index down 8.4%, average price US$3,877/MT

Butter index down 9.4%, average price US$3,555/MT

BMP index down 11.6%, average price US$2,635/MT

Ched index down 7.4%, average price US$3,130/MT

LAC not offered

RenCas index down 15.2%, average price US$7,507/MT

SMP index down 5.5%, average price US$2,731/MT

SWP index not available, average price not available

WMP index down 9.6%, average price US$2,928/MT

Full results have been published on www.GlobalDairyTrade.info.

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