Wednesday, 18 November 2020 09:29

Dairy prices bounce back

Written by  Sudesh Kissun
Last night's GDT saw a 1.8% boost to the price index. 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

More like this

Price dip a blip?

Dairy prices dipped last week after three consecutive rises but economist Nathan Penny, Westpac, says the dip is likely to be temporary.

Featured

New investment in spirulina production

The Ministry for Primary Industries (MPI) Sustainable Food & Fibres Futures Fund will invest in a project to assess the viability of larger scale production of spirulina in New Zealand.

 

Lely offerings for the future

Dutch robotic specialist Lely launched a new farm management application called Horizon at its recent Future Farm Days 2020.

National

Miraka picks up awards

Taupo-based Maori dairy company Miraka took the top honours at this year’s Biosecurity Awards.

Wyeth ready for new challenge

The chief executive-elect of Yili-owned Westland Milk Products Richard Wyeth says he’s looking forward to the challenge of running the…

Machinery & Products

Mixer makes feeding easy

Coolbreene Trust near Taupo is a large-scale dairy operation farming 1150ha, including run-off blocks, within a 10km radius of its…

More colour to light range

Originally available with amber lenses only, Narva’s ‘Geomax’ Heavy Duty LED Strobe Beacon light range has been upgraded with the…

State funding for recycling

Having declared in July that all farm plastics sold in New Zealand will have to be recycled or reused, the…

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Avoiding listeria

OPINION: The company that makes dairy products under “The Collective” brand, and which copped a nearly $500,000 fine for failing…

Greenpeace seeing red

OPINION: Still with Greenpeace, the organisation’s push for a price on agricultural greenhouse gas emissions is gaining momentum since the…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter