increase font size
Global dairy prices got a boost in the overnight Global Dairy Trade (GDT) auction.
The GDT price index rose 3.7% over the previous auction, its biggest jump since February this year.
Fonterra’s key product whole milk powder enjoyed a 3.6% lift in price to US$3254/MT.
Skim milk powder also recorded a sharp rise; up 6.7% to US$2942/MT.
Key Results
AMF index up 2.6%, average price US$5,191/MT
Butter index up 0.2%, average price US$4,117/MT
BMP index up 5.4%, average price US$2,786/MT
Ched index down 0.6%, average price US$3,609/MT
LAC index down 1.9%, average price US$768/MT
RenCas index up 5.1%, average price US$7,274/MT
SMP index up 6.7%, average price US$2,924/MT
SWP index not available, average price not available
WMP index up 3.6%, average price US$3,254/MT
Global Dairy Trade (GDT) and Arla Foods have announced that Arla will begin offering European-sourced skim milk powder (SMP) on GDT Pulse from May 2025 as part of an extension to the GDT Pulse pilot.
A significant rise in Global Dairy Trade (GDT) auction last week has prompted one bank to lift its forecast milk price for the season to above Fonterra's mid-point.
Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.
The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.
Weaker milk production in the Northern Hemisphere is keeping dairy prices high.
The 2025 game bird season is underway with Hawke’s Bay and Southland reporting the ideal weather conditions for hunters – rain and wind.
A group of meat processing companies, directors and managers have been fined a total of $1.6 million for deliberately and illegally altering exported tallow for profit.
New Zealand’s top cheeses for 2025 have been announced and family-owned, Oamaru-based Whitestone Cheese is the big winner.
Waikato farmer, and Owl Farm demonstration manager, Jo Sheridan is the 2025 Fonterra Dairy Woman of the Year.
New Zealand’s special agricultural trade envoy Hamish Marr believes the outlook for the dairy sector remains strong.
Everyone from experienced veterinarians and young professionals to the Wormwise programme and outstanding clinics have been recognised in this year’s New Zealand Veterinary Association Te Pae Kīrehe (NZVA) awards.
OPINION: Farmers won't get any credit for this from the daily media, so Milking It is giving the bouquets where…
OPINION: The Advertising Standards Authority’s 2024 report revealed that not only is social media rotting our brains, it is also…
