Wednesday, 07 November 2018 09:02

Dairy prices continue to slide

Written by Rural News Group

font size decrease font size increase font size
Print
Email

The GDT Price Index fell 2% overnight, compared to the previous event.

Global dairy prices have continued their downward slide.

The Global Dairy Trade (GDT) event overnight concluded with the GDT Price Index down 2%, compared to the previous event.

For NZ farmers, the biggest worry will be the continued drop in whole milk powder prices, the benchmark used by Fonterra to set its milk payout.

WMP price dropped 2.9% to US$2,665/MT.

Key results

AMF index down 1.3%, average price US$5,044/MT

Butter index down 1.7%, average price US$4,045/MT

BMP index up 0.8%, average price US$2,568/MT

Ched index down 4.6%, average price US$3,250/MT

LAC index down 2.7%, average price US$902/MT

RenCas index down 2.9%, average price US$5,327/MT

SMP index up 1.2%, average price US$1,997/MT

SWP index not available, average price not available

WMP index down 2.9%, average price US$2,655/MT

More like this

Moxham Family's Organic Milk Now Comes as Gelato

Horowhenua organic dairy farmers Ange and Wayne Moxham have taken their business to a new level.

Milk Glut Drags Fonterra Forecast Down to $9.20/kgMS

A milk glut around the world shows no sign of easing, putting downward pressure on farmgate milk prices for the next few months.

Fonterra & Silver Fern Farms Launch Beef-on-Dairy Programme

As dairy farmers lock in plans for the upcoming mating season, a partnership between Fonterra and Silver Fern Farms has been formed with the aim of making it simpler to create additional value from calves not entering the replacement herd.

South Waikato Farmer Cuts Nitrogen With Soil Biology Trial

South Waikato farmer Bas Nelis is always interested in fine-tuning his business to improve results.

Fonterra Cuts 2026/27 Milk Price Forecast to $9.25

Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.

Featured

Gallagher Adds Second Production Line as Wearables Boom

The man appointed to lead Gallagher's global Animal Management business through the next stage of growth believes the wearables boom is here.

Moxham Family's Organic Milk Now Comes as Gelato

Horowhenua organic dairy farmers Ange and Wayne Moxham have taken their business to a new level.

Faulkner: Take Rural Infrastructure Out of Politics

Federated Farmers' new vice president Sandra Faulkner says the issue of adverse events emergency management and infrastructure needs to be taken out of the three-year political cycle.

B+LNZ Employment Hub: Farm Staff Support, Refreshed

Building a strong team is one of the biggest drivers of a successful sheep and beef business, but it can also be one of the tougher parts to get right.

NZ Blueberry Industry Sounds Alarm Over MPI Import Plan

Blueberry growers are warning that fresh imports could pose a huge biosecurity risk for NZ’s horticulture sector.

Milk Room Refrigerants: NZ Dairy's Hidden Emissions Fix

With a third of NZ dairy farmers still running outdated refrigerants, the country's largest farm refrigeration company says the opportunity for quick, meaningful emissions gains has never been clearer.