The Global Dairy Trade auction index in New Zealand continued lower as global markets continue to react to coronavirus fears. The index declined 1.2 percent to $3,112 per ton. Butter milk powder had the largest decline, down 4.8 percent, followed by cheddar, down 4.7 percent, and skim milk powder, down 3.2 percent. Gains were seen in lactose, butter and rennet casein.
Key Results:
MF index down 1.7%, average price US$4,302/MT
Butter index up 1.0%, average price US$4,131/MT
BMP index down 4.8%, average price US$2,718/MT
Ched index down 4.7%, average price US$4,285/MT
LAC index up 5.7%, average price US$871/MT
RenCas index up 0.5%, average price US$9,891/MT
SMP index down 3.2%, average price US$2,747/MT
SWP index not available, average price not available
WMP index down 0.5%, average price US$2,952/MT
