Whole milk powder prices fall 2.5% on 'notably' softer demand

Whole milk powder makes more than half of the auction by volume. (Image: Getty)

Wed, 19 Jun 2024

All-important whole milk powder prices have dropped after “notably” softer demand.The second fortnightly Global Dairy Trade (GDT) auction of the new dairy season – which began on June 1 - was held overnight, with the average price index slipping 0.5% to US$3,893 (NZ$6336) a metric tonne. It is the first auction since March 19 where the index has dropped. Out of 12 auctions held this calendar year, prices have increased at nine of them.At last night’s auction, whole milk powder (WMP) prices dropped 2.5% to US$3,394/...

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Global dairy prices fall

Global dairy prices fell slightly overnight, although the losses "were softer than those recorded at the previous auction". Tuesday night’s Global Dairy Trade auction saw the Price Index fall 0.8% despite 5.7% less product being sold and weaker bidding ratios. Only cheddar manage...

Staff reporters 8:15am