Wednesday, 17 June 2020 09:52

Dairy prices rise

Written by  Staff Reporters

The Global Dairy Trade (GDT) auction overnight delivered its third consecutive positive result.

Average prices were up 1.9% compared to the previous auction.

Whole milk powder prices lifted 2.2% to US$2829/metric tonne.

Key results

AMF index up 0.8%, average price US$3,993/MT

Butter index down 1.0%, average price US$3,597/MT

BMP not offered

Ched index up 1.4%, average price US$3,631/MT

LAC index up 0.4%, average price US$1,290/MT

SMP index up 3.1%, average price US$2,609/MT

SWP index not available, average price not available

WMP index up 2.2%, average price US$2,829/MT

 

Featured

Expo set to wow again

Stellar speakers, top-notch trade sites, innovation, technology and connections are all on offer at the 2025 East Coast Farming Expo being once again hosted in Wairoa in February.

A year of global challenges

As a guest of the Italian Trade Association, Rural News Group Machinery Editor Mark Daniel took the opportunity to make an early November dash to Bologna to the 46th EIMA exhibition.

Editorial: NZ's great China move

OPINION: The New Zealand red meat sector, with support from the Government, has upped the ante to retain and expand its niche in the valuable Chinese market - and the signs are looking positive.

Wool-derived protein eyes $2b market

Keratin extracted from New Zealand wool could soon find its way into products used to minimise osteoporosis, promote gut health, and other anti-inflammatories, says Keraplast chief executive Howard Moore.

» Latest Print Issues Online

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter