Friday, March 29, 2024

Dairy prices up as WMP, butter lift

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Dairy commodity prices rose 2.2% at last night’s Global Dairy Trade auction with the key whole milk powder price gaining 1.7%
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WMP prices rose for all contract periods.

Skim milk powder dropped 0.9%, after rising at the past three auctions.

Butter rpices soared 8.4% and increased across all contract periods, after some of the volume was removed from the GDT platform.

Anhydrous milk fat rose 5.4%, while prices also lifted for butter milk powder and cheddar, but fell for lactose.

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