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 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
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