Middle East demand cushions global dairy price drop at latest GDT auction
The upheaval in the Middle East may have eased the fall in global dairy prices last week.
Dairy farmers in New Zealand have woken up to some good news.
The overnight Global Dairy Trade (GDT) auction has delivered another solid result.
The GDT price index rose 4.8%, its fifth straight rise.
More importantly for farmers, whole milk powder price rose 2.2% to a four-year high of US$3,380/MT.
Fonterra uses WMP price as a benchmark to set its farm gate milk payout.
Key Results
AMF index up 17.2%, average price US$5,398/MT
Butter index up 4.6%, average price US$4,735/MT
BMP not offered
Ched index down 0.3%, average price US$4,082/MT
LAC index up 6.6%, average price US$1,173/MT
SMP index up 7.0%, average price US$3,243/MT
SWP not offered
WMP index up 2.2%, average price US$3,380/MT
Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.
Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.
Holstein Friesian excellence was front and centre at the 2025 Holstein Friesian NZ (HFNZ) Awards, held recently in Invercargill.
The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.
This past week has seen another round of negotiations between India and New Zealand to produce a free trade agreement (FTA) between the two countries.
Cautiously optimistic is how DairyNZ's regional manager for the lower North Island, Mark Laurence describes the mood of farmers in his patch.
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