The whole milk powder index fell 5.8%. WMP sold at an average price of US$4439/tonne across all sellers and delivery periods. Fonterra regular WMP for May delivery traded at US$4365/tonne.
The anhydrous milk fat index fell 10.7%, and sold at an average price of US$4578/tonne across all sellers and delivery periods. Contract 2 regular AMF prices, which the NZX Futures settles against, sold at US$4530/tonne, down from US$5030/tonne last auction.
The skim milk powder index dipped by 1.7%. SMP sold at an average price of US$4584/tonne across all sellers and delivery periods. Fonterra medium heat SMP contract 2 decreased in price to US$4790/tonne. DairyAmerica and Euroserum medium heat SMP contract 2 sold at slightly lower prices, at US$4440/tonne and US$4445/tonne respectively.
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Source: GDT