Global Dairy prices dip slightly
Wednesday, 4 September 2019 at 3:01pm
Global dairy prices dipped slightly in the overnight Global Dairy Trade (GDT) auction.
The GDT price index was down 0.4% compared to the previous auction, with key product whole milk powder down 0.8%, SMP up 0.7%, and butter unchanged.
Key results from the auction:
- AMF index down 1.5%, average price US$4,988/MT
- Butter index unchanged, average price US$4,029/MT
- MP index up 3.4%, average price US$2,476/MT
- Ched index down 0.8%, average price US$3,827/MT
- LAC index down 0.9%, average price US$729/MT
- RenCas index up 4.6%, average price US$6,632/MT
- SMP index up 0.7%, average price US$2,500/MT
- SWP index not available, average price not available
- WMP index down 0.8%, average price US$3,076/MT
