Friday 6 January 2023
UFU MPI: 40.24ppl (was 41.65ppl) – The New Year started with a two-point-eight percent slip in the GDT all dairy product index in New Zealand. Dutch dairy commodity saw butter slip back to €4950/tonne and Whole Milk Powder down to €3850/tonne from €3970. SMP and whey powder remained unchanged. Global market volatility has prompted some softening of demand for whole milk powder, particularly in China.
Friday 23 December 2022
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 2022
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 2022
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.
