UFU milk price index

Wed 12 Feb 2020 – Dairy cattle at Greenmount. Picture: Cliff Donaldson

UFU MPI: 35.43ppl (was 35.19ppl) – New Zealand saw its GDT all product index rise 0.5% this week. Positive market sentiment in European markets with Dutch (ZuivelNL) butter up €600/tonne to €5,900 and whole milk powder up €100/tonne to €3,650 in the last two weeks. Cheese prices remain stable, but industry figures show positivity for some contracts.