Dairy prices up 14.8%

The trade weighted price of milk increased 14.8% in this morning’s GlobalDairyTrade auction.

This is the seventh increase in a row.

The price of anhydrous milk fat rose 16.3%; butter milk powder increased 8.6%; butter 11.5%; cheddar was up 13.7%; rennet casein gained 3.1% and skim milk powder rose 7.7%.

The price of whole milk powder gained 21.2%.

Whole milk is the main determinant for the payout.

Various pundits have suggested the payout will increase but it is very late in the season and volume is reduced because of the drought so I think the forecast payout is likely to remain unchanged.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: