Friday, November 17, 2017
 Global Dairy Prices Slip Slightly  

Global dairy prices slipped slightly at the latest auction this week, moderating further from a rally earlier in the year. The GDT Price Index dipped 0.4 percent, with an average selling price of $3,339 per ton.

A recent drop in price at four of the last five auctions has not yet caused alarm given it follows a strong three-month rally, which gave farmers confidence in an ongoing dairy price recovery after years of falls.


A total of 32,260 tons was sold at the latest auction, down 1.6 percent on the previous sale. Prices for whole milk powder fell 0.6 percent, as skim milk powder prices rose 0.3 percent.


AgriHQ says offer volumes of milkfats are set to decline slightly over coming months while Fonterra directs milk into added value products and whole milk powder over New Zealand's peak milk producing months.


There were 140 winning bidders out of the 174 participating. The auctions are held twice a month, with the next one scheduled for September 5.

 

Source: GlobalDairyTrade


Posted on Friday, August 18, 2017 (Archive on Friday, August 25, 2017)
Posted by bholcomb@adpi.org  Contributed by bholcomb@adpi.org
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