Less than 19,000t of product were sold at this week’s GDT event.
ADVERTISEMENT
Skimmed milk powder (SMP) prices collapsed by 9% at Tuesday’s GDT auction in New Zealand with prices falling below $1,890/t (€1,540/t). The sharp correction in SMP prices dragged the overall GDT index lower this week by 1.2%, which is the third consecutive decline since late February.
WMP price flat
The price of whole milk powder (WMP), which accounts for more than 50% of product sold on the GDT, remained flat at $3,230/t (€2,630/t). On the fats side, butter prices were steady at $5,280/t (€4,300/t), while cheddar cheese prices fell 4% to $3,610/t (€2,940/t).
ADVERTISEMENT
Less than 19,000t of product were sold at this week’s GDT event as New Zealand enters the back end of its 2017/18 production season.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Skimmed milk powder (SMP) prices collapsed by 9% at Tuesday’s GDT auction in New Zealand with prices falling below $1,890/t (€1,540/t). The sharp correction in SMP prices dragged the overall GDT index lower this week by 1.2%, which is the third consecutive decline since late February.
WMP price flat
The price of whole milk powder (WMP), which accounts for more than 50% of product sold on the GDT, remained flat at $3,230/t (€2,630/t). On the fats side, butter prices were steady at $5,280/t (€4,300/t), while cheddar cheese prices fell 4% to $3,610/t (€2,940/t).
Less than 19,000t of product were sold at this week’s GDT event as New Zealand enters the back end of its 2017/18 production season.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS