Wednesday, 19 February 2020 08:57

Dairy prices drop again

Written by Staff Reporters

font size decrease font size increase font size
Print
Email

Uncertainty surrounding coronavirus and its impact on the Chinese economy are thought to be behind the GDT drops.

Global dairy prices have recorded their second big drop in two weeks.

The GDT price index was down 2.9% compared to their previous event two weeks ago.

Whole milk powder price dipped 2.6% and is now below the US $3000/MT mark.

The consecutive drops in GDT prices are attributed to uncertainty surrounding coronavirus and its impact on the Chinese economy.

Key results

AMF index down 5.5%, average price US$4,379/MT

Butter index down 3.9%, average price US$4,090/MT

BMP not offered

Ched index up 5.3%, average price US$4,526/MT

LAC index not available, average price US$822/MT

RenCas index down 0.9%, average price US$9,873/MT

SMP index down 2.6%, average price US$2,840/MT

SWP index not available, average price not available

WMP index down 2.6%, average price US$2,966/MT

Featured

Meyer Cheese invests $3.5 million in state-of-the-art Waikato facility

Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.

Editorial: Sensible move

OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.

DairyNZ and Beef + Lamb NZ wrap up M. bovis compensation support after $161M in claims

Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.

Farmers win as government scraps proposed Fringe Benefit Tax on utes

Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.

Top breeders and cows honoured at 2025 Holstein Friesian NZ Awards in Invercargill

Holstein Friesian excellence was front and centre at the 2025 Holstein Friesian NZ (HFNZ) Awards, held recently in Invercargill.

Data sharing initiative wins national award for saving farmers time

The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.

National

Karl Dean elected new Federated Farmers dairy chair, focuses on sector's future

New Federated Farmers national dairy chair Karl Dean is looking forward to tackling the issues facing the sector.

DairyNZ lifts breakeven milk price forecast to $8.68 for 2025/26 season

According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the…

Fonterra Whareroa sets cheese record, wins top award

Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual…

New pasture guide launched to support farmers in a changing climate

A new publication has been launched that offers a comprehensive and up-to-date resource on commercially available grazing pasture species in…

Hoggard slams outdated farm regulations

"We're trying to get to the promised land but we're still in a bit of a swamp at the moment."

Machinery & Products

Innovation takes centre stage at Fieldays 2025 awards event

Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most…

Mud, Rain, and Roaring Engines: 50th Fieldays Tractor Pull thrills crowds despite weather

Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds…

Wrapped Silage Bales: Convenient feed storage with a mounting plastic problem

Wrapped bales arrived in the 1980s offering a viable alternative to clamp silage, and they remain a solution for those…

McKee Plastics celebrates 50 years of innovation at Fieldays 2025

Celebrating 50 years of being in business in 2025 and specialising in the design and manufacture of an extensive range…

John Deere upgrades round baler line with ISOBUS integration and smarter features

John Deere have recently announced upgrades to its round baler offerings, with all models of this latest generation equipped with…

» Latest Print Issues Online

Visit archives

Dairy prices drop again

More like this

Middle East demand cushions global dairy price drop at latest GDT auction

Arla to offer European-sourced skim milk powder on GDT Pulse

$10.25/kgMS milk price now in play

$10 milk price still on

Mixed results on GDT

Popular Reads

Open Country Dairy prepares to launch first commercial butter

Serratia-linked Mastitis a wake-up call for Waikato farmer

'Grand Alliance' growing grass-fed beef exports to China

Rural Support Trust dinner raises $300,000

Halter raises $165m, company valued at $1.65b

Featured

Meyer Cheese invests $3.5 million in state-of-the-art Waikato facility

Editorial: Sensible move

DairyNZ and Beef + Lamb NZ wrap up M. bovis compensation support after $161M in claims

Farmers win as government scraps proposed Fringe Benefit Tax on utes

Top breeders and cows honoured at 2025 Holstein Friesian NZ Awards in Invercargill

Data sharing initiative wins national award for saving farmers time

National

Karl Dean elected new Federated Farmers dairy chair, focuses on sector's future

DairyNZ lifts breakeven milk price forecast to $8.68 for 2025/26 season

Fonterra Whareroa sets cheese record, wins top award

New pasture guide launched to support farmers in a changing climate

Hoggard slams outdated farm regulations

Machinery & Products

Innovation takes centre stage at Fieldays 2025 awards event

Mud, Rain, and Roaring Engines: 50th Fieldays Tractor Pull thrills crowds despite weather

Wrapped Silage Bales: Convenient feed storage with a mounting plastic problem

McKee Plastics celebrates 50 years of innovation at Fieldays 2025

John Deere upgrades round baler line with ISOBUS integration and smarter features

» Latest Print Issues Online

Milking It

Cuddling cows

Bikinis in cowshed

» eNewsletter

Dairy prices drop again

More like this

» Latest Print Issues Online

» Connect with Dairy News

» eNewsletter