fbpx
Print this page
Wednesday, 19 October 2016 12:40

Dairy prices rebound

Written by 
The GDT price index rose 1.4% at the latest auction. The GDT price index rose 1.4% at the latest auction.

Global dairy prices have risen in the latest Global Dairy Trade (GDT) auction overnight.

The flagship whole milk powder price index was up 2.9%, to US$2760/tonne.

The GDT price index rose 1.4% at the latest auction, following a 3% cent dip in the previous auction- which ended a run of price increases. WMP prices had dipped 3.8% in the previous auction.

The latest price rise could be attributed to supply concerns out of New Zealand; prolonged wet weather in the North Island is affecting milk production.

Key results

AMF index up 1.1%, average price US$5,007/MT

Butter index up 2.6%, average price US$3,984/MT

BMP index up 0.2%, average price US$2,583/MT

Ched index down 3.7%, average price US$3,290/MT

LAC index up 5.6%, average price US$780/MT

RenCas index down 4.5%, average price US$6,286/MT

SMP index down 0.3%, average price US$2,204/MT

WMP index up 2.9%, average price US$2,760/MT

More like this

Popular Reads

Featured

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.

National

All eyes on NZ milk supply

All eyes are on milk production in New Zealand and its impact on global dairy prices in the coming months.

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.