Wednesday, 06 March 2019 09:00

Dairy’s golden run

Written by Rural News Group

font size decrease font size increase font size
Print
Email

The GDT price index rose 3.3% last night.

Global dairy prices are continuing their golden run, with the Global Dairy Trade (GDT) price index posting its seventh consecutive rise overnight.

The GDT price index rose 3.3% last night, compared to the last auction.

Last night’s GDT event also saw whole milk powder prise rise 6% to US$3186/metric tonne.

Butter price has also seen its seventh consecutive lift, rising to US$4657/MT.

Key results

AMF index up 3.9%, average price US$5,837/MT

Butter index up 3.7%, average price US$4,657/MT

BMP index up 11.0%, average price US$3,480/MT

Ched index up 6.0%, average price US$3,888/MT

LAC index up 0.6%, average price US$1,009/MT

RenCas index down 0.1%, average price US$5,649/MT

SMP index down 4.3%, average price US$2,462/MT

SWP index not available, average price not available

WMP index up 6.0%, average price US$3,186/MT

Featured

Big return on a small investment

Managing director of Woolover Ltd, David Brown, has put a lot of effort into verifying what seems intuitive, that keeping newborn stock's core temperature stable pays dividends by helping them realise their full genetic potential.

$150B farm succession challenge looms for NZ agriculture

Within the next 10 years, New Zealand agriculture will need to manage its largest-ever intergenerational transfer of wealth, conservatively valued at $150 billion in farming assets.

Meyer Cheese invests $3.5 million in state-of-the-art Waikato facility

Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.

Editorial: Sensible move

OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.

DairyNZ and Beef + Lamb NZ wrap up M. bovis compensation support after $161M in claims

Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.

Farmers win as government scraps proposed Fringe Benefit Tax on utes

Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.

National

Karl Dean elected new Federated Farmers dairy chair, focuses on sector's future

New Federated Farmers national dairy chair Karl Dean is looking forward to tackling the issues facing the sector.

DairyNZ lifts breakeven milk price forecast to $8.68 for 2025/26 season

According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the…

Fonterra Whareroa sets cheese record, wins top award

Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual…

New pasture guide launched to support farmers in a changing climate

A new publication has been launched that offers a comprehensive and up-to-date resource on commercially available grazing pasture species in…

Hoggard slams outdated farm regulations

"We're trying to get to the promised land but we're still in a bit of a swamp at the moment."

Machinery & Products

Pro feeding robots to cut, load silage

While feeding dairy animals in New Zealand is largely centred around feed trailers, mixer wagons or baleage, one wonders whether…

Fliegl offers effluent solutions

Founded in Germany as recently as 1977, today, the Fliegl Group employs more than 1100 workers, offering an expansive range…

Innovation takes centre stage at Fieldays 2025 awards event

Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most…

Mud, Rain, and Roaring Engines: 50th Fieldays Tractor Pull thrills crowds despite weather

Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds…

Wrapped Silage Bales: Convenient feed storage with a mounting plastic problem

Wrapped bales arrived in the 1980s offering a viable alternative to clamp silage, and they remain a solution for those…

» Latest Print Issues Online

Visit archives

Dairy’s golden run

More like this

Middle East demand cushions global dairy price drop at latest GDT auction

Arla to offer European-sourced skim milk powder on GDT Pulse

$10.25/kgMS milk price now in play

$10 milk price still on

Mixed results on GDT

Popular Reads

Open Country Dairy prepares to launch first commercial butter

Serratia-linked Mastitis a wake-up call for Waikato farmer

'Grand Alliance' growing grass-fed beef exports to China

Halter raises $165m, company valued at $1.65b

ASB launches new loan to help NZ farmers switch to solar power

Featured

Big return on a small investment

$150B farm succession challenge looms for NZ agriculture

Meyer Cheese invests $3.5 million in state-of-the-art Waikato facility

Editorial: Sensible move

DairyNZ and Beef + Lamb NZ wrap up M. bovis compensation support after $161M in claims

Farmers win as government scraps proposed Fringe Benefit Tax on utes

National

Karl Dean elected new Federated Farmers dairy chair, focuses on sector's future

DairyNZ lifts breakeven milk price forecast to $8.68 for 2025/26 season

Fonterra Whareroa sets cheese record, wins top award

New pasture guide launched to support farmers in a changing climate

Hoggard slams outdated farm regulations

Machinery & Products

Pro feeding robots to cut, load silage

Fliegl offers effluent solutions

Innovation takes centre stage at Fieldays 2025 awards event

Mud, Rain, and Roaring Engines: 50th Fieldays Tractor Pull thrills crowds despite weather

Wrapped Silage Bales: Convenient feed storage with a mounting plastic problem

» Latest Print Issues Online

Milking It

Cuddling cows

Bikinis in cowshed

» eNewsletter

Dairy’s golden run

More like this

» Latest Print Issues Online

» Connect with Dairy News

» eNewsletter