UFU MPI Latest

Thursday, 8 February, 2018

UFU MPI Latest

The latest MPI is 26.78 pence per litre (up from 26.45ppl).  Latest GDT event in New Zealand saw the all product index up 5.9% to $3,553.  Meanwhile, Cheddar was up 7.2% to $3,739/tonne, butter rose 7.9% to $5,277/tonne and Whole Milk Powder up by 7.6% to $3,266/tonne. Notably, Skimmed Milk Power saw a rise of 7.2% increase to $1,932/tonne.  This has been driven by weather events in Oceania.  Meanwhile, DDB/ZuiVeNL saw both butter and WMP up by €40/tonne with all other products unchanged.