Wednesday, 18 January 2017 09:55

GDT prices rise slightly

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GDT Global dairy prices were up slightly overnight, stemming two consecutive drops in the GDT price index.

The latest GDT event saw the price index up 0.6%.

The crucial whole milk powder price was down just 0.1% to US$3283/tonne.

Fonterra says WMP prices must remain above US$3000/t for a $6/kgMS payout to farmers.

Full results; AMF index up 3.7%, average price US$5,528/MT Butter index up 1.6%, average price US$4,382/MT BMP index down 10.1%, average price US$2,783/MT Ched index up 1.3%, average price US$3,940/MT LAC index down 1.7%, average price US$813/MT RenCas index up 4.9%, average price US$6,470/MT SMP index down 1.6%, average price US$2,612/MT WMP index down 0.1%, average price US$3,283/MT

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