Monday, November 19, 2018
 Whole Milk Powder Up 3.8% at GlobalDairyTrade Auction  

Fonterra’s Global Dairy Trade for dairy products saw prices rise by 1.0% in the latest auction, which took place Tuesday, January 20, 2015. The last three GDT auctions have now yielded positive results.


The overall average price was $2,758 per ton. Volume was down again with the quantity sold falling by more than 6 percent to 31,326 ton. Despite the overall increase prices are just over half what they were this time last year.


Whole Milk Powder (WMP) gained 3.8% on reduced volumes offered to achieve an average price of $2,402/ton. Skim Milk Powder (SMP) was up by 1% to $2,389/ton. After a strong run at recent auction events, butter was up by just 0.1% to $3,564/ton.


"Last night's auction was encouraging for whole milk powder, but outside this price action remained poor for the other products," ANZ said.

"The run of good results for milkfat products looks to have done their dash as they have caught up to offshore prices from other sources and skim milk powder prices were little changed."

The next trading event is February 03.

The full auction results can be seen here



Posted on Friday, January 23, 2015 (Archive on Friday, January 30, 2015)
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