Wednesday, 22 January 2020 08:38

Dairy prices rise

Written by Staff Reporters

font size decrease font size increase font size
Print
Email

The GDT price index rose 1.7% overnight.

The second Global Dairy Trade (GDT) auction of the year has delivered another positive result.

The GDT price index rose 1.7%; the first auction of 2020, two weeks ago, recorded a 2.8% rise.

Whole milk powder price jumped 2.4% to US$3,233/ metric tonne.

Last night’s auction sold 33,165 MT of products: 191 bidders took part.

Key results

AMF index down 2.6%, average price US$4,821/MT

Butter index up 5.5%, average price US$4,250/MT

BMP not offered

Ched index up 0.6%, average price US$4,048/MT

LAC index up 0.5%, average price US$806/MT

RenCas index up 4.7%, average price US$9,375/MT

SMP index up 0.7%, average price US$3,036/MT

SWP not offered

WMP index up 2.4%, average price US$3,233/MT

Featured

Editorial: The Value of Credibility

OPINION: In politics, credibility is and should be big. It must surely rank higher than charisma, which is quite trite and superficial. Yet, voters nowadays are often wooed and influenced by how someone looks or talks at a superficial level. TV plays a huge role in this.

DairyBase and MINDA Link Up to Cut Farmer Paperwork

Farmers can spend less time on paperwork, thanks to a new data sharing agreement between DairyNZ’s DairyBase and LIC’s MINDA software.

Kaikōura Families Get School Run Lifeline After Storm

Kaikōura families affected by July's severe storm have found a practical solution to a problem that's kept some children away from regular schooling for weeks: a washed-out section of Inland Kaikōura Road, which has stopped the local school bus from running its usual route.

Rural NZ Welcomes $8.5m Government Health Package

Rural New Zealand is welcoming the Government’s recent package of rural healthcare initiatives.

Massey Adds New Majors in Agritech, Animal Science

Interest in agritech and production animal systems has prompted Massey University's School of Agriculture and the Environment to new majors to its popular animal science degree.

Ballance Returns to Profit, Announces $18.2m Rebate

Ballance Agrinutrients chief executive Kelvin Wickham says despite a tough year, he is pleased the business has returned to profit.

National

Ex-National MP: Coup Attempt Could Cost Luxon the Election

I think it's going to greatly weaken National at the election. That's the view of a former senior National MP…

RMA Reform Still on Track Despite Wellington Drama — Feds

Despite political shenanigans in Wellington, farmers are confident that Resource Management Act (RMA) reforms will get over the line in…

Carrfields Marks 50 Years as Rural Health Programme Grows

Celebrating 50 years in the rural landscape of Central Canterbury and beyond, Ashburton-based Carrfields, has been the exemplar for all…

Timaru-Bred Bull Takes Out 2026 Mahoe Trophy

An LIC bull, Tronnoco AR Sadio-ET S3F, bred by Tony and Keri O'Connor of Tronnoco Farming Co Ltd near Timaru,…

Ballance Urges Farmers to Plan Ahead for El Niño

With forecasters advising El Niño conditions will develop through winter and strengthen into spring and summer, Ballance Agri-Nutrients is encouraging…