Tuesday, August 21, 2018
 Dairy Prices Up Slightly At Latest GlobalDairyTrade Auction  

The December 15th GlobalDairyTrade auction saw mixed movements across the products but the overall result was still positive no matter how small. 


The GDT Price Index rose 1.9% with an average price of US$2,458 a metric ton, up from US$2,419 a ton at the previous auction. This is the fourth smallest movement this year. "However, the results are not surprising given that demand for dairy commodities is still weak relative to global milk supply", AgriHQ dairy analyst Susan Kilsby said in a research note. 


The average price of whole milk powder (WMP) increased by nearly 2% to just over US$2,300/t, which had been anticipated following recent gains in WMP futures contracts.


Other dairy commodities to improve in average price included anhydrous milk fat (+6.1%), butter (+9.0%), lactose (+6.8%), cheddar (+1.1%) and skimmed milk powder (SMP), which gained marginally by 0.2%.


There were declines in the average product price of rennet casein (-9.5%) and butter milk powder (-6.1%).


There was 24,888 metric tons of product sold at the auction, down from 28,158 tons two weeks ago and the smallest amount offered since last April 1st. The next auction is scheduled for January 5, 2016.

Source: GlobalDairyTrade and Telegraph Times

 


Posted on Thursday, December 17, 2015 (Archive on Thursday, December 24, 2015)
Posted by bholcomb@adpi.org  Contributed by bholcomb@adpi.org
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