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UFU MPI
Friday, 23 August, 2019
UFU Latest MPI
Friday 23rd August 2019
UFU MPI: 28.62ppl (was 28.69ppl) – The MPI is more or less unchanged in the last fortnight. Reflecting a 0.2% change in the GDT index where 34,410 tonnes were sold, which was only down 1.4% and is significant in terms of demand. There was little change in Dutch dairy commodity prices, but crucially, Dutch butter remained unchanged for the first time in four months indicating that it may have at last reached the floor.
Friday 9th August 2019
UFU MPI: 28.69ppl (up from 28.28ppl) – in the three weeks since the last published MPI, sterling has weakened significantly against the US dollar and the euro. Dutch Dairy Board/ZuilveNL this week only saw a fall in one dairy product range, with butter continuing to slip. However, there were increases for WMP and SMP. In New Zealand the GDT increase slipped by 2.6%, however, there was a 40% increase in volume traded since the last GDT event with 34,969 tonnes of product sold.
Friday 19th July 2019
UFU MPI: 28.28ppl (up from 27.95ppl) – After four successive falls the GDT index in New Zealand increased 2.7% on 16th July, an average of US$3,412/tonne. WMP rose by 3.6% to $3,074/tonne and cheddar was up 3.3% at $3,869/tonne. A total 25,000t of product was sold, 1.2% more than at the last event. The Dutch Dairy Board/ZuivelNL saw butter slip by €20 to €3,580/tonne. Whilst WMP was unchanged at €2,740/tonne, SMP (food grade) increased by €30 to €2,070/tonne, its second successive weekly increase.
Friday 5th July 2019
UFU MPI: 27.95ppl (was 28.35ppl) – GDT in New Zealand All Product index was down by 0.4% to $3302 but the slip in butter commodity prices continued in European markets, with latest prices €3630/tonne. Yet there has been positive cream prices in the last few weeks and these have been bucking the butter trend, with prices rising on the back of summer demand. Otherwise trade is very quiet but cheese prices remain robust.
