Wednesday, 06 January 2021 08:57

Flying start to 2021

Written by Sudesh Kissun

font size decrease font size increase font size

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

Featured

Top Māori farm faces costly rebuild after severe storm damage

One of the country's top Māori farms faces a long and costly rebuild to get the property back to where it was before recent storms ripped through it.

Global Dairy Trade prices surge, boosting New Zealand dairy farmers

The latest Global Dairy Trade auction results have delivered a boost to dairy farmers.

NZ potato growers focus on value creation amid market and climate challenges

New Zealand potato growers are prioritising value creation from high yields to meet a complex mix of challenges and opportunities, says Potatoes NZ chief executive Kate Trufitt.

Horticulture export growth at risk without plant import reforms, says Hawke’s Bay orchardist

A Hawke's Bay apple orchardist supports the Government's objective of doubling exports but says this won't happen in the horticulture sector unless there's a change in the process for bringing new plant material into the country.

Canterbury arable farmers face heavy losses after stormy January wreaks havoc

Canterbury arable farmers are down by tens of millions of dollars after a rollercoaster of wild changeable January weather saw harvests delayed and some crops destroyed by violent hailstorms.

New Zealand scientists pioneer fermentation to unlock multimillion-sollar shiitake export market

Could a breakthrough in fermentation create a new multi-million-dollar export market for shiitake mushroom extracts into China?

National

Fonterra confirms timeline for Lactalis deal and $2-per-share capital return

The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.

Fonterra expands butter production at Clandeboye with $75m investment

Fonterra is boosting its butter production capacity to meet growing demand.

Upper North Island Storms: Limited impact on dairy farms

For the most part, dairy farmers in the Waikato, Bay of Plenty, Tairawhiti and the Manawatu appear to have not…

South Island dairy production lifts despite stormy summer, feed risks loom

South Island dairy production is up on last year despite an unusually wet, dull and stormy summer, says DairyNZ lower…

Ray Smith: Dairy still has growth potential despite flat export outlook

Ministry for Primary Industries (MPI) Director General Ray Smith believes there is potential for an increase in dairy farming in…

Machinery & Products

Stihl unveils centennial MS 500i chainsaw

Most rural properties wouldn’t be without a chainsaw, so it’s fitting to celebrate the centenary of Andreas Stihl inventing the…

New Deutz-Fahr 5105 boosts power for Kiwi livestock farms

With ROPS tractors still being consistently popular in livestock operations, given their ease of use for hopping on and off…

John Deere showcases 130hp E-Power electric tractor prototype at Agritechnica

Easily missed on its expansive Agritechnica site, John Deere offered visitors to the bi-annual event, the first opportunity in Europe to…

Exceed two-wheeled farm motorcycles enter NZ market

In a market already well supplied with agricultural spec’ two-wheeled motorcycles, a new arrival with an aggressive price point is sure…

Merlo Hypercompact Telehandler built for 3500kg towing

Given that most countries who favour the humble ute have maximum braked towing limits of 3500kg, those seeking to use mobile…

Flying start to 2021

More like this

Global Dairy Trade prices surge, boosting New Zealand dairy farmers

Battle for milk

Fonterra confirms timeline for Lactalis deal and $2-per-share capital return

Fonterra expands butter production at Clandeboye with $75m investment

Fonterra opens organic milk supply to South Island dairy farmers

Popular Reads

Environment Canterbury urges buyers to check wastewater systems on rural properties

Formula goes sour

Fonterra confirms timeline for Lactalis deal and $2-per-share capital return

China’s new beef tariffs expected to favour New Zealand exporters

Southland enters status 2 water shortage amid dry conditions

Featured

Top Māori farm faces costly rebuild after severe storm damage

Global Dairy Trade prices surge, boosting New Zealand dairy farmers

NZ potato growers focus on value creation amid market and climate challenges

Horticulture export growth at risk without plant import reforms, says Hawke’s Bay orchardist

Canterbury arable farmers face heavy losses after stormy January wreaks havoc

New Zealand scientists pioneer fermentation to unlock multimillion-sollar shiitake export market

National

Fonterra confirms timeline for Lactalis deal and $2-per-share capital return

Fonterra expands butter production at Clandeboye with $75m investment

Upper North Island Storms: Limited impact on dairy farms

South Island dairy production lifts despite stormy summer, feed risks loom

Ray Smith: Dairy still has growth potential despite flat export outlook

Machinery & Products

Stihl unveils centennial MS 500i chainsaw

New Deutz-Fahr 5105 boosts power for Kiwi livestock farms

John Deere showcases 130hp E-Power electric tractor prototype at Agritechnica

Exceed two-wheeled farm motorcycles enter NZ market

Merlo Hypercompact Telehandler built for 3500kg towing