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

More like this

Strong production, tested demand send milk prices crashing

Strong production, tested demand send milk prices crashing

Strong global milk production and rebalancing of demand among key buyers has delivered one of the biggest drops in whole milk powder prices in recent years.

Global dairy prices rebound after two-month decline

Global dairy prices rebound after two-month decline

Global dairy prices have ended a two-month run of losses.

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

The upheaval in the Middle East may have eased the fall in global dairy prices last week.

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

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.

$10.25/kgMS milk price now in play

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.

Popular Reads

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.

South Otago farmer balances family, farming and drought challenges

Balclutha farmer Renae Martin remembers the moment she fell in love with cows.

Less Red Tape, More Markets: NZ exporters get certainty

'Common sense' cuts to government red tape will make it easier for New Zealand to deliver safe food to more…

Sir Lockwood Smith: Use academic freedom with great care

Academic freedom is a privilege and it's put at risk when people abuse it.

John Deere technician's record hat trick

Whangarei field service technician, Bryce Dickson has cemented his place in John Deere’s history, becoming the first ever person to…

Featured

Fonterra to boost UHT cream production with $150m plant

With Fonterra's UHT plant at its Edendale site less than a year from completion, demand continues to grow for products the plant will produce, such as Anchor Whipping Cream.

New scholarship to grow female leaders in dairy

A new $50,000 scholarship fund designed to support and empower women in the New Zealand dairy industry through leadership development has been launched.

High dairy payouts fuel record milk production across NZ

Many farmers around the country are taking advantage of the high dairy payout to get maximum production out of their cows.

Owl Farm marks 10 years as NZ’s first demonstration dairy farm

In 2015, the signing of a joint venture between St Peter's School, Cambridge, and Lincoln University saw the start of an exciting new chapter for Owl Farm as the first demonstration dairy farm in the North Island. Ten years on, the joint venture is still going strong.

Maui Milk targets 500 litre ewe production by 2030 as leadership transitions

Sheep milk processor Maui Milk is on track to record average ewe production of 500 litres by 2030, says outgoing chief executive Greg Hamill.

Simon Upton urges cross-party consensus on New Zealand environmental goals

Parliamentary Commissioner for the Environment Simon Upton is calling for cross-party consensus on the country's overarching environmental goals.

National

New Zealand postal service changes leave rural communities disappointed

Changes to New Zealand’s postal service has left rural communities disappointed.

$10 milk price still in sight despite global dairy markets softening

A $10 milk price remains on the cards for this season despite recent softening of global dairy prices.

Another record milk price for Tatua suppliers

Independent Waikato milk processor Tatua has set another new record for conventional farmgate milk price paid to New Zealand farmers.

DairyNZ: Strong payouts offset high farm costs

The dairy sector is in a relatively stable position, with strong milk price payout forecasts continuing to offset ongoing high…

Federated Farmers slam Canterbury nitrate emergency

A shameless political stunt is how Federated Farmers is describing the Canterbury Regional Council decision to declare “a nitrate emergency”…

Machinery & Products

New McHale terra drive axle option

Well-known for its Fusion baler wrapper combination, Irish manufacturer McHale has launched an interesting option at the recent Irish Ploughing…

Quad safety promoted as part of the product

It's hard to believe that quad bikes or ATVs have been around for about 50 years – even longer if…

Amazone unveils flagship spreader

With the price of fertiliser still significantly higher than 2024, there is an increased onus on ensuring its spread accurately at…

Sky Agriculture launches Sky Sonic precision planter

Sky Agriculture was formed in 2020, bringing together the well-known European brands of Sulky, Prolog and Sky, under the oversight…

Kverneland to debut Alentix fertiliser spreaders at Agritechnica

With Agritechnica just around the corner, it’s no surprise to see manufacturers drip-feed some information of new products worth a…

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

Milking It

The real emergency

The nutters of the green world, aided and abetted by the lamestream media, are rewriting the English language for the worse.

A very low road

OPINION: The self righteous activists at Greenpeace are copying the self-righteous lefties behind the ‘free Palestine’ movement – not surprising given…

» eNewsletter