Wednesday, 16 January 2019 08:28

Dairy prices lift

Written by Rural News Group

font size decrease font size increase font size
Print
Email

The overnight GDT auction price index rose 4.2% compared to the previous auction.

Dairy prices are continuing their good run in 2019.

The overnight Global Dairy Trade (GDT) auction price index rose 4.2% compared to the previous auction.

The first auction of 2019 on January 2 was up 2.8%.

Whole milk powder price was up 3% overnight to US$2,777/MT.

Key results

AMF index up 3.2%, average price US$5,294/MT

Butter index up 4.6%, average price US$4,262/MT

BMP not offered

Ched index up 4.2%, average price US$3,504/MT

LAC index up 7.9%, average price US$1,032/MT

RenCas index down 1.4%, average price US$5,047/MT

SMP index up 10.3%, average price US$2,405/MT

SWP index not available, average price not available

WMP index up 3.0%, average price US$2,777/MT

Featured

NSW approves virtual fencing on farms

Farmers in the Australian state of New South Wales will soon be able to use virtual fencing and herding technology to boost farm productivity.

Hawke's Bay teen helps rural families access affordable school uniforms

Hawke's Bay teenage entrepreneur Hugo Moffett is helping the rural community access cheaper school uniforms, all without leaving their homes.

Fonterra names Templeman-Jones to Mainland Group board amid divestment

As part of preparing for a potential IPO in relation to the divestment process for its global Consumer business and integrated businesses Fonterra Oceania and Sri Lanka, Fonterra has named Anne Templeman-Jones as chair-elect of the Audit and Risk Committee for the Mainland Group board.

Positive response to freshwater farm plan reforms

There's been a positive response to the Government's latest move to make freshwater farm plans more practical and affordable.

Massey University trials superior beef genetics in dairy farms with Beef+Lamb NZ

Massey University has begun trialling the use of superior beef genetics in its two dairy farms as part of Beef + Lamb New Zealand's dairy beef progeny test.

Featherston to host annual booktown festival

The annual Featherston Booktown Karukatea Festival – a fusion of books and storytelling - celebrates its 10th anniversary this year.

National

Co-existence with genetic modification 'possible'

Co-existence of genetically modified (GM) and non-GM plants in New Zealand industries will be challenging, but is achievable, a review…

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…