Shareholders/stockwatchers,
Latest GDT prices below.
Another drop.
Assume global Mozzarella prices going down so BFC will ost likely be under renewed competitive price pressure in the market ex NZ and USA. Possibly some EU.
If BFC milk goes to $9.90kgMS and market price goes down BANG. EBITDA forecast for FY 22/3 gone.
Big impact is on BFC in H2 FY 22/3.
H1 could be ok if Lactoferrins are really being sold (invoiced, despatched and paid for????). Doubt it.
Event Results
Global Dairy Trade Event 323 concluded with the GDT Price Index down 2.8%
Key Results
AMF index down 5.1%, average price US$5,395/MT
Butter index down 2.8%, average price US$4,479/MT
BMP index down 12.9%, average price US$2,556/MT
Ched index down 2.7%, average price US$4,690/MT
LAC index down 3.6%, average price US$1,178/MT
SMP index down 4.3%, average price US$2,838/MT
SWP not offered
WMP index down 1.4%, average price US$3,208/MTFull results have been published on www.globaldairytrade.info.
For more detailed results, subscribe to a GDT Insight Market Pack to download a wide range of historical data, plus up to date sold quantities and number of bidders by region.
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