GDT average increases by 1.9% with talk of new butter record prices to come
Posted on: 25/05/18
Last Tuesday’s GDT auction recorded a 1.9% all products average increase to US $3637 compared to that achieved two weeks ago.
The butter average was up a further 2.4% and has jumped by 30% in the past six months. There is now talk of a likely global butter shortage which is tipped to top trump and eclipse the record highs recorded in 2017.
Key price changes were
Cheddar index up 4.4% to average US $4205 tonne
SMP index up 3% to average US $2047 tonne
Butter index up 2.4% to average US $5787 tonne
WMP index up 0.2% to average US $3226 tonne