Wednesday, 19 February 2020 08:57

Dairy prices drop again

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

 

 

More like this

$10.25/kgMS milk price now in play

A significant rise in Global Dairy Trade (GDT) auction last week has prompted one bank to lift its forecast milk price for the season to above Fonterra's mid-point.

Popular Reads

back to top

Featured

Australia develops first local mRNA FMD vaccine

Australia develops first local mRNA FMD vaccine

Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.

NZ household food waste falls again

Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.

Editorial: No joking matter

OPINION: Sir Lockwood Smith has clearly and succinctly defined what academic freedom is all about, the boundaries around it and the responsibility that goes with this privilege.

DairyNZ plantain trials cut nitrate leaching by 26%

DairyNZ says its plantain programme continues to deliver promising results, with new data confirming that modest levels of plantain in pastures reduce nitrogen leaching, offering farmers a practical, science-backed tool to meet environmental goals.

National

Machinery & Products

Leader balers arrive in NZ

Leader balers arrive in NZ

Officially launched at the National Fieldays event in June, the Leader in-line conventional PRO 1900 balers are imported and distributed…

JDLink Boost for NZ farms

Connectivity is widely recognised as one of the biggest challenges facing farmers, but it is now being overcome through the…

New generation Defender HD11

The all-new 2026 Can-Am Defender HD11 looks likely to raise the bar in the highly competitive side-by-side category.

» Latest Print Issues Online

dairynewscover
ruralnewscover
winegrowercover

Visit archives

Milking It

Full cabinet

OPINION: Legislation being drafted to bring back the controversial trade of live animal exports by sea is getting stuck in the…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter