Wednesday, 18 November 2020 09:29

Dairy prices bounce back

Written by Sudesh Kissun

font size decrease font size increase font size
Print
Email

Last night's GDT saw a 1.8% boost to the price index.

Dairy prices have bounced back in the latest Global Dairy Trade (GDT) auction.

Last night’s auction saw the GDT price index up 1.8% compared to the previous auction.

The whole milk powder price, which generally sets Fonterra’s milk payout to farmers, rose 1.8% to US$3,037/metric tonne.

Key Results

AMF index up 4.1%, average price US$4,175/MT
Butter index up 0.4%, average price US$3,838/MT
BMP not offered
Ched index down 3.5%, average price US$3,641/MT
LAC index down 18.8%, average price US$887/MT
SMP index up 2.5%, average price US$2,799/MT
SWP index not available, average price not available
WMP index up 1.8%, average price US$3,037/MT

Featured

Native Forest Champions Honoured at Fieldays 2026

Forestry Minister Todd McClay has today congratulated the winners of the 2026 Growing Native Forests Champions Awards at Fieldays.

Government Backs NZ Young Farmers Clubs Nationwide

The Government has announced $60,000 to provide one-off grants of $1,000 to each of the 60 New Zealand Young Farmers (NZYF) clubs across the country.

Rural Industry Leaders Event Raises $400,000

New Zealand’s rural sector has once again demonstrated its generosity, with the second Rural Industry Leaders Dinner, Debate and Auction raising an impressive $400,000 for the Rural Support Trust.

Third Candidate Confirmed for Feds President Election

There has been another twist to the Federated Farmers annual election fiasco.

Good Farming Practices Proven to Reduce Nutrient Losses and Improve Water Quality

Analysis of decades of research has revealed the implementation of good farming practices plays a critical role in reducing nutrient losses to improve freshwater outcomes.

Responsible Dairy Programme Receives $45.85 Million Boost for Sector Growth

Yesterday the Government used the opening of Fieldays to announce a major investment, as part of its Land Use Flexibility package, to support a more productive and sustainable future across six sectors including dairy.

National

Waikato Farmer Fined $56,000 Over Effluent Discharges

South Waikato farmer David Christensen was convicted and fined $56,000 for two unlawful discharges of dairy effluent following a prosecution taken…

Dairy Farm Operators Fined $66,500 Over Effluent Breaches

A contract milker and a dairy farm owner have been convicted and fined a combined $66,500 for the unlawful discharge of dairy shed effluent and stockfeed leachate into the…