Source: GDT
The GDT price index dropped 1.2% compared to the last sale two weeks ago.
The average winning price was US$5016/tonne, down from US$5042/t in the last sale.
The anhydrous milk fat index fell 4.5%. AMF sold at US$5255/tonne in contract 2, the price which the NZX Futures settles against.
The whole milk powder index fell 0.3%. WMP sold at an average price of US$4999/tonne across all sellers and delivery periods. Fonterra regular WMP for April delivery traded at US$4950/tonne.
The skim milk powder index fell 0.1%. SMP sold at an average price of US$4780/tonne across all sellers and delivery periods. Fonterra medium heat SMP contract 2 increased in price to US$5120/tonne. However, prices for Fonterra supplied SMP for June to August delivery eased back. DairyAmerica product generally eased in price, especially for nearby delivery.
