Friday 23 December
UFU MPI:42.41ppl (was 42.15ppl) – GDT index back 3.8% after two positive auctions, with WMP at $3246/tonne and cheddar at $4801/tonne. Dutch dairy prices slipped with butter at €5100/tonne and SMP €2780/tonne.
Friday 9 December
UFU MPI: 42.15ppl was 43.30ppl – Dairy commodity prices are a tale of two halves. GDT in New Zealand this week recorded its second successive increase in its all-product index, up nought-point-six percent, with small increases for cheddar, up one-point-eight percent to $4826/tonne and whole milk powder up nought-point-one percent to $3400/tonne. Dutch markets (ZuivelNL) saw butter back €150/tonne to €5450 and skim milk powder down €160 to €2810/tonne.
Friday 18 November
UFU MPI: 43.30ppl (was 44.40ppl) – In recent weeks there has been a weakening in global commodity prices including dairy. Yet this week we saw a two-point-four percent increase in the all GDT product index in New Zealand, positive since there were increased volumes traded. Dutch price falls seemed to have slowed down compared to previous weeks, with butter back €50/tonne to €5850 and skim milk podwer (food grade) falling by €20 to €2980/tonne.
Friday 4 November
UFU MPI: 44.40ppl (was 46.36ppl) – GDT All Product in New Zealand slipped three-point-nine percent this week and there were also falls in dairy commodity prices in Dutch markets, with butter back €250/tonne to €6150 and whole milk powder was down €220 to €4450/tonne. Global negativity being driven by China where they are fully stocked with key products including whole milk powder. Downard pressure on price also being generated by a recovery in milk production volumes. All eyes now on demand which will drive direction in Q1 2023.
