CLAL reported that the 3.12.2019 Fonterra GDT auction saw the overall index fall 0.5% — a tough result after five consecutive rises when most analysts had expected another gain.
WMP rose 0.1% to USD 3,331/t; SMP rose 1.9% to USD 3,068/t (a 5-year high). Cheddar rose 2.7% to USD 3,797; rennet casein +5.6% (USD 8,047/t); BMP +1.6% to USD 2,846/t. AMF fell 5.1% to USD 4,840/t and butter −4.9% to USD 3,383/t. Total volume sold: 36,258 t.