Wednesday, 18 January 2017 09:55

GDT prices rise slightly

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GDT prices rise slightly
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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