Prices for SMP at the December 22 event gained 6.6% to Rs145/kg (US$2189/t) compared to the previous auction when prices were Rs 136/kg (US$2030/t).
The Milk Market Observatory’s latest quotations of SMP as at December 31 were slightly up on 15 days earlier at US$1887/t for EU, US$1888/t for Oceania and US$1714/t for US.
Unsalted butter prices have remained stable for three DTI auctions in a row at Rs 250/kg (US$3774/t).
The Milk Market Observatory’s latest quotations of butter as at December 31 were US$3218/t for EU, US$3100/t for Oceania and US$4561/t for US. Oceania butter prices moved up 5.1% from 15 days earlier and US butter prices made a staggering 20.6% decline over the same period.
The next DTI dairy commodity e-auction is on January 12, 2016.
