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Global dairy prices slip at latest auction

Average prices fell 1.3% to $US3487 a tonne from the previous auction on April 17.

Nevil Gibson
Wed, 06 Jun 2018

Average prices fell 1.3% to $US3487 a tonne from April 17 in the latest overnight Global Dairy Trade auction.

Benchmark whole milk powder, which made up more than half the volume sold, fell 1.1% to $US3205/t.

Demand for skim milk powder continued with a slight rise of 0.3% to $US2051/t.

A small amount of butter milk powder surged 17.7% to $US2314/t, while anhydrous milk fat fell 1.7% to $US6222/t.

Cheddar fell 3.6% to $US3998/t and butter was down 3.5% to $US5581/t, while rennet casein rose 3.9% to $US5015/t and lactose was up 3.9% to $US714/t.

The total volume sold was 21,580t, with 118 winning bids among 179 participants.

The next auction is on June 19.

Nevil Gibson
Wed, 06 Jun 2018