Returns lift, costs down - DairyNZ
The outlook for dairy farmers this season has improved, especially when compared to forecasts only six months ago, according to DairyNZ.
Global dairy prices have recorded one of their biggest drops on the Global Dairy Trade (GDT) platform.
Last night’s auction saw the GDT Price Index drop 5.1%, compared to the previous auction.
However, the biggest concern will be the massive drop in whole milk powder prices: down 6.7% to US$3099/MT.
Key results
AMF index down 0.3%, average price US$4,866/MT
Butter index down 2.4%, average price US$3,886/MT
BMP not offered
Ched index up 1.7%, average price US$3,869/MT
LAC index up 0.6%, average price US$787/MT
RenCas index up 2.6%, average price US$8,260/MT
SMP index down 6.3%, average price US$2,867/MT
SWP index not available, average price not available
WMP index down 6.7%, average price US$3,099/MT
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