Dairy prices defy ample supply as market momentum builds
Global dairy prices continue to rise despite ample supply from key milk producing countries including New Zealand.
Global dairy prices dipped slightly in the overnight Global Dairy Trade (GDT) auction.
The GDT price index was down 0.4% compared to the previous auction, with key product whole milk powder down 0.8%, SMP up 0.7%, and butter unchanged.
Key results
AMF index down 1.5%, average price US$4,988/MT
Butter index unchanged, average price US$4,029/MT
BMP index up 3.4%, average price US$2,476/MT
Ched index down 0.8%, average price US$3,827/MT
LAC index down 0.9%, average price US$729/MT
RenCas index up 4.6%, average price US$6,632/MT
SMP index up 0.7%, average price US$2,500/MT
SWP index not available, average price not available
WMP index down 0.8%, average price US$3,076/MT
According to the latest Fresh Produce Trend Report from United Fresh, 2026 will be a year where fruit and vegetables are shaped by cost pressures, rapid digital adoption, and a renewed focus on wellbeing at home.
The Roar is a highlight of the game hunting calendar in New Zealand, with thousands of hunters set to head for the hills to hunt male stags during March and April.
OPINION: The past few weeks have been tough on farms across the North Island: floods and storms have caused damage and disruption to families and businesses.
European dairy giant Arla Foods celebrated its 25th anniversary as a cross-border, farmer-owned co-operative with a solid half-year result.
The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.
Fonterra is boosting its butter production capacity to meet growing demand.