Wednesday, 06 January 2021 08:57

Flying start to 2021

Written by Sudesh Kissun

font size decrease font size increase font size
Print
Email

The first GDT auction for 2021 recorded a 3.9% rise in the price index.

It's a great start to 2021 for dairy farmers.

The Global Dairy Trade (GDT) overnight auction recorded a 3.9% rise in the price index.

Whole milk powder price, which determines Fonterra's milk price to farmer supplies, lifted 3.1% to US$3,306/metric tonne, sitting at its highest level in 12 months.

Key Results

AMF index up 5.5%, average price US$4,604/MT

Butter index up 7.2%, average price US$4,526/MT

BMP index up 6.9%, average price US$2,876/MT

Ched index up 5.0%, average price US$4,078/MT

LAC index up 7.4%, average price US$1,099/MT

SMP index up 4.1%, average price US$3,044/MT

SWP not offered

WMP index up 3.1%, average price US$3,306/MT

More like this

Fonterra, Sharesies join to make share trading easier

Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.

Co-op eyes Japanese market

Japanese consumers pay a premium for food that contains ingredients that support health.

Is a China comeback on?

Are Chinese buyers returning to the Global Dairy Trade (GDT) auctions?

Fonterra released its interim results last month, showing a continuation of the strong earnings performance delivered by the co-op through the 2023 financial year. Here’s what Fonterra chair Peter McBride and chief executive Miles Hurrell said about the results…

China trade

OPINION: Last week's revelation that data relating to New Zealand MPs was stolen amid Chinese state-sponsored cyber espionage targeting two arms of the country’s Parliament could test the long-standing trade relations between the two countries.

Featured

Feds claiming 'some real success' on policy front

Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.

Feds back Fast-Track Approval Bill

Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.

Lamb returns forecast to remain low

The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.

First harvest of table grapes - the 'king of fruit'

Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.

Machinery builder in liquidation

In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.

Two hemispheres tied together through cows

One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.

National

Ahuwhenua Trophy finalists showcase farms

In a few weeks the winner of the prestigious Ahuwhenua Trophy for the top Māori dairy farm will be revealed…

Cheesemakers may need new cheese names under FTA

The owner of an award-winning cheese producer says the Government’s free trade agreement (FTA) with the European Union (EU) has…

Protect productivity from red tape

Productive industries shouldn’t be strangled in red tape, they need to be able to operate and grow, using technology to…

Profit focus falls off the radar

The dairy industry has lost its mojo in the last six or seven years, according to a leading dairy farmer,…

Frontline biosecurity 'untouchable'

Biosecurity Minister Andrew Hoggard has reiterated that 'frontline' biosecurity services within Ministry for Primary Industries (MPI) will not be cut…