Global Dairy Trade price index down 3.1%

The New Zealand Global Dairy trade is down 3.1% this week, with milk powders the main losers.

Fonterra’s Global Dairy Trade auction saw butter increase by 6%, while cheddar was up 5%. But SMP was down 5.7% while whole milk powder (WMP) was down 5.1%.

Butter has been falling steadily since early March, when it traded at $4,746/t. Today, it sold for $2,656/t.

Skim milk power today traded for $2,299/t, down from a high of $4,868/t in December 2013. Whole milk powder today was sold for $2,400/t, down from $4,999/t in February of this year.

While cheddar was up 5% at $2,861/t, it told for $4,381 in March 2014 and $5,133 in January 2014. The average price across all products was $2,561/t and 39,163t were told on the day.

The previous trading, on November 4, was also back, by 0.3% and this came after a slight rise in prices (1.4%). The next trading event is December 2.


Please be considerate of others when commenting. All comments posted are subject to our commenting policy. Comments violating this policy will be removed without notice.