Source: GDT
Butter milk powder (BMP) and milk protein concentrate (MPC) recorded the largest falls at 8.6% and 7% respectively, while butter, cheddar, rennet casein and skim milk powder (SMP) prices all fell by roughly 4%. Whole milk powder (WMP) dipped 1.6%, and anhydrous milk fat (AMF) made a slight gain of 0.6%.
Fonterra NZ's regular WMP for June delivery sold at US$3890/tonne. Prices for June and July delivery eased by 1-2%. For August and September delivery, prices fell by 10.9% and 3.5% respectively.
The average SMP price was US$3949/tonne across all sellers and delivery periods. For contracts delivering in June, Fonterra's medium heat regular SMP sold at a discount to equivalent product from DairyAmerica and Amul, but other grades/delivery period for Fonterra supplied product sold at higher prices. Meanwhile, equivalent product from Euroserum and Arla sold at a slight discount to Fonterra. Interestingly all of the DairyAmerica product on offer sold at US$4,000/t irrespective of delivery period or product type.
AMF prices were the only ones to show gains this auction, selling at an average of US$4068/tonne across all delivery periods, up from US$4038/tonne last auction. Prices for regular AMF slated for June delivery was US$4030/tonne, up from US$3995/tonne last auction.
