Friday, 4 January, 2019
UFU latest MPI
UFU MPI: 27.50ppl up from 27.29ppl - Dairy commodity markets have continued to strengthen, with powder leading the way as predicted. In New Zealand, the first GDT auction of 2019 saw the average selling price index up 2.8%, the third consecutive increase. The WMP price index was up 1.2% at an average price of US$2,705/tonne and SMP rose by 7.9% at $2,201/tonne. Butter was up 3.9% at $4,076/tonne and Cheddar was up 3.2% at $3,371/tonne. Meanwhile in the Netherlands, SMP (food grade) increased by €60 to €1,790/tonne (28% higher than a year earlier); SMP (feed) rose by €40 to €1,550/tonne (21% above a year ago) and whey powder reached €790/tonne (up 34% on a year earlier). Butter and WMP remain unchanged.
UFU MPI graph download
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UFU - Ulster Farmers' Union published this content on 04 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 January 2019 13:13:04 UTC
