Small increase in globalDairy Trade twi

19/01/2011

The trade weighted index increased 1.2% in this morning’s globalDairyTrade auction.

The price for anhydrous milk fat dropped .3%; butter milk powder went up 14.5%; skim milk powder increased 2.4%; and whole milk powder went up .5%.

While on the subject of dairy prices, trying to compare dairy production and prices around the world isn’t easy.

Here we value milk in $s per kilo of milk solids (which is fat plus crude portein).

Australian dairy farms talk about cents per litre.

In the USA its $s per hundredweight (and that’s a USA hundredweight not a British one).

Europeans work in Euros per 100 kilograms.

In Britain it’s pence per litre.

So how do you compare one with another?

Over at Xchequer Neil Lane attempts to make sense out of units of milk price and has a link to the Xheque milk price calculator.


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