Friday, 7 September, 2018

UFU MPI Latest:

UFU MPI – 29.29 (up from 28.90ppl) This week saw DDB/ZuivelNL SMP (Food grade) up €20 to €1,650/tonne, up 14% in the past month and now just 3% under the official EU Intervention Price and WMP rose by €30/tonne.  In New Zealand, GDT saw the overall index slip by 0.7%. WMP was down 2.2%to $2,821/tonne.  Volume traded was up by 7,000 tonnes to 38,000 tonnes and New Zealand has also seen an increase in milk production in recent weeks.