Wednesday, 20 June 2018 10:18

Dairy prices dip

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

Feds back Fast-Track Approval Bill

Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.

Lamb returns forecast to remain low

The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.

First harvest of table grapes - the 'king of fruit'

Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.

Machinery builder in liquidation

In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.

Two hemispheres tied together through cows

One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.

PGW revises earnings guidance as farmer spending drops

Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.

National

Ahuwhenua Trophy finalists showcase farms

In a few weeks the winner of the prestigious Ahuwhenua Trophy for the top Māori dairy farm will be revealed…

Cheesemakers may need new cheese names under FTA

The owner of an award-winning cheese producer says the Government’s free trade agreement (FTA) with the European Union (EU) has…

Protect productivity from red tape

Productive industries shouldn’t be strangled in red tape, they need to be able to operate and grow, using technology to…

Profit focus falls off the radar

The dairy industry has lost its mojo in the last six or seven years, according to a leading dairy farmer,…

Frontline biosecurity 'untouchable'

Biosecurity Minister Andrew Hoggard has reiterated that 'frontline' biosecurity services within Ministry for Primary Industries (MPI) will not be cut…