increase font size
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
Global Dairy Trade (GDT) and Arla Foods have announced that Arla will begin offering European-sourced skim milk powder (SMP) on GDT Pulse from May 2025 as part of an extension to the GDT Pulse pilot.
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.
Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.
The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.
Weaker milk production in the Northern Hemisphere is keeping dairy prices high.
Newly appointed National Fieldays chief executive Richard Lindroos says his team is ready, excited and looking forward to delivering the four-day event next month.
More than 70 farmers from across the North and South Islands recently spent a dayand- a-half learning new business management and planning skills at Rabobank Ag Pathways Programmes held in Invercargill, Ashburton and Hawera.
Government ministers cannot miss the ‘SOS’ – save our sheep call - from New Zealand farmers.
A tax advisory specialist is hailing a 20% tax deduction to spur business asset purchases as a golden opportunity for agribusiness.
Sheep and beef farmers have voted to approve Beef + Lamb New Zealand signing an operational agreement between the agricultural sector and the Government on foot and mouth disease readiness and response.
The head of the New Zealand Kiwifruit Growers organisation NZKGI says the points raised in a report about the sector by Waikato University professor Frank Scrimgeour were not a surprise.
OPINION: The Free Speech Union is taking this one too far.
OPINION: New national data from The Drug Detection Agency (TDDA), a leading workplace drug tester, shows methamphetamine (meth) use is…
