Wednesday, 20 June 2018 10:18

Dairy prices dip

Written by Rural News Group

font size decrease font size increase font size
Print
Email

The second Global Dairy Trade (GDT) auction of the new season saw a slight drop in dairy prices.

In the overnight auction, the GDT price index dropped 1.2% over the previous event. The first event of the NZ dairy season two weeks ago saw the price index dip 1.3%.

Whole milk powder price was down 1% overnight to an average price of $US$3189/metric tonne.

Key Results

AMF index down 2.5%, average price US$6,060/MT

Butter index up 0.8%, average price US$5,611/MT

BMP not offered

Ched index down 3.6%, average price US$3,847/MT

LAC index up 8.2%, average price US$769/MT

RenCas index down 2.2%, average price US$4,898/MT

SMP index down 1.1%, average price US$2,003/MT

SWP index not available, average price not available

WMP index down 1.0%, average price US$3,189/MT

Featured

Gongs for best field days site

Among the regular exhibitors at last month’s South Island Agricultural Field Days, the one that arguably takes the most intensive preparation every time is the PGG Wrightson Seeds site.

Feed help supplements Canterbury farmers meet protein goals

Two high producing Canterbury dairy farmers are moving to blended stockfeed supplements fed in-shed for a number of reasons, not the least of which is to boost protein levels, which they can’t achieve through pasture under the region’s nitrogen limit of 190kg/ha.

South Island rural property market gains momentum amid strong milk price outlook

Buoyed by strong forecasts for milk prices and a renewed demand for dairy assets, the South Island rural real estate market has begun the year with positive momentum, according to Colliers.

Holstein Friesian NZ: Young breeders begin development journey

The six young cattle breeders participating in the inaugural Holstein Friesian NZ young breeder development programme have completed their first event of the year.

NZ feed producers urged to boost staff training for quality and efficiency

New Zealand feed producers are being encouraged to boost staff training to maintain efficiency and product quality.

Editorial: Taming Trump

OPINION: The world is bracing for a trade war between the two biggest economies.

National

Finalists named for Fonterra Dairy Woman of the Year

Three farmers making contributions to the wider dairy sector have been chosen as this year’s finalists for the prestigious Fonterra…

Lame stories from a country vet

Everyone from experienced veterinarians and young professionals to the Wormwise programme and outstanding clinics have been recognised in this year’s…