The Global Dairy Trade (GDT) auction in New Zealand experienced its sixth consecutive drop in price in the latest auction.
The Global Dairy Trade (GDT) auction in New Zealand experienced its sixth consecutive drop in price in the latest auction.
The drop represented a 2% decrease compared with the last auction, with the average price standing at $2,851 USD/MT (€2,498).
Butter, cheddar and whole milk powder (WMP) all decreased, while skimmed milk powder (SMP) and butter milk powder increased slightly.
Some 173 winning bidders took part in the auction, a slight decline in the previous auction. In total, 42,412 metric tonnes (MT) were sold.
Prices at the auction are as follows:
AMF index down 1.3%, average price US$5,044/MT.Butter index down 1.7%, average price US$4,045/MT.BMP index up 0.8%, average price US$2,568/MT.Ched index down 4.6%, average price US$3,250/MT.LAC index down 2.7%, average price US$902/MTRenCas index down 2.9%, average price US$5,327/MT.SMP index up 1.2%, average price US$1,997/MT.WMP index down 2.9%, average price US$2,655/MT. Read more
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