The sixth Global Dairy Trade auction of the year has posted a drop in dairy product prices of 2.9%.

This fall comes after dairy product prices rose 1.4% on March 1 for the first time this year.

New Zealand bank ASB had suggested that the Global Dairy Trade would rise by between 1 and 5%.

It also hinted that Whole Milk Powder (WMP) could be up by as much as 7% however, the latest auction showed WMP prices to be down by 0.8%.

Rennet Casein posted the lowest decrease (-7.0%) followed by Anhydrous Milk Fat (AMF) which was down by 6.5%.

Butter Milk Powder (BMP) posted the highest increase (+6.4%).

Global Dairy Trade – Key Results

• AMF index down 6.5%, average price US$3,014/MT
• Butter index down 2.8%, average price US$2,733/MT
• BMP index up 6.4%, average price US$1,545/MT
• Ched index down 5.6%, average price US$2,441/MT
• LAC index up 0.8%, average price US$624/MT
• RenCas index down 7.0%, average price US$4,083/MT
• SMP index down 2.5%, average price US$1,731/MT
• WMP index down 0.8%, average price US$1,971/MT

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