mardi 17 mars 2015
Major fall at latest Global Dairy Trade auction
Posted on 08:06 by nice news
Dairy product prices fell significantly at today’s Global Dairy Trade auction.
Today’s event represents the first negative auction for prices in 2015.
Average prices paid at the auction fell 8.8% on the last event held two weeks previously.
Key Results
AMF index down 8.4%, average price US$3,877/MT
Butter index down 9.4%, average price US$3,555/MT
BMP index down 11.6%, average price US$2,635/MT
Ched index down 7.4%, average price US$3,130/MT
LAC not offered
RenCas index down 15.2%, average price US$7,507/MT
SMP index down 5.5%, average price US$2,731/MT
SWP index not available, average price not available
WMP index down 9.6%, average price US$2,928/MT
Recent auctions have been much more positive result for dairy products than seen at previous Fonterra auctions held since last summer.
However most dairy market commentators have cautioned that we are still dealing with relatively small quantities of milk being traded in
Today’s event represents the first negative auction for prices in 2015.
Average prices paid at the auction fell 8.8% on the last event held two weeks previously.
Key Results
AMF index down 8.4%, average price US$3,877/MT
Butter index down 9.4%, average price US$3,555/MT
BMP index down 11.6%, average price US$2,635/MT
Ched index down 7.4%, average price US$3,130/MT
LAC not offered
RenCas index down 15.2%, average price US$7,507/MT
SMP index down 5.5%, average price US$2,731/MT
SWP index not available, average price not available
WMP index down 9.6%, average price US$2,928/MT
Recent auctions have been much more positive result for dairy products than seen at previous Fonterra auctions held since last summer.
However most dairy market commentators have cautioned that we are still dealing with relatively small quantities of milk being traded in
Major fall at latest Global Dairy Trade auction
Categories: Major fall at latest Global Dairy Trade auction
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