Wednesday, 22 November 2017 09:07

GDT price index dips 3.4%

Written by Rural News Group

font size decrease font size increase font size
Print
Email

Dairy prices have fallen for the fourth straight auction.

Dairy prices have fallen for the fourth straight auction.

The Global Dairy Trade price index dipped 3.4% over the previous auction.

Whole milk powder fell 2.7%, SMP fell 6.5%, and butter fell 5.9%.

Westpac head of NZ Strategy Imre Speizer says the results disappointed earlier futures market predictions of a small rise on WMP.

Full results

AMF index unchanged, average price US$6,887/MT

Butter index down 5.9%, average price US$5,144/MT

BMP not offered

Ched index down 4.2%, average price US$3,831/MT

LAC index not available, average price not available

RenCas index down 12.6%, average price US$4,644/MT

SMP index down 6.5%, average price US$1,701/MT

WMP index down 2.7%, average price US$2,778/MT

More like this

$8 final milk price likely

$8 final milk price likely

An $8/kgMS farm gate milk price is still on the cards with less than six weeks left to run this season.

Is a China comeback on?

Is a China comeback on?

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

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.

Dairy prices down as are costs

Dairy prices are easing but cost inflation is down across the board, providing some relief to farmers.

Dairy demand on the rise

There is increasing evidence that dairy demand is on the upswing, according to Rabobank senior agricultural analyst Emma Higgins.

Popular Reads

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…

Farmers oppose work visa changes

Farmers are crying foul over changes announced by the Government this week to the Accredited Employer Work Visa (AEWV) scheme.

Milk price certainty

Westland Milk has reaffirmed its commitment to pay farmer suppliers 10c above Fonterra farm gate milk price for the following…

Farmers fined for cattle abuse

A Waikato cattle farming family have been fined $23,000 for failing to provide sufficient food and care for their animals,…

Penno's 25-year leadership role over

Troubled milk processor Synlait’s co-founder John Penno has stepped down from the board.

Featured

State roadshow talking all things wool

'A lot of interest and positive responses' appears to be the way farmers are viewing the Government's initiative to hold a series of woolshed meetings around the country.

Council urged to delay rate hikes

A Southland farming leader wants the regional council to delay a proposed regional rates hike, much of which is intended to fund flood protection works.

Bank closures 'hurting local communities'

Rural Women New Zealand (RWNZ) says access to personal banking services in rural communities is fundamental to promoting outcomes that benefit Kiwi consumers.

Wool campaign making strides

A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.

ANZCO posts $61m net profit despite challenging year

Meat processor ANZCO Foods says despite a challenging business environment, it has posted a net profit before tax of $61 million for 2023.

HortNZ CEO to step down

Horticulture NZ chief executive Nadine Tunley will step down in August.

National

Green but not much grass!

Dairy farmers in the lower North Island are working on protecting next season, according to Federated Farmers dairy chair Richard…

Make vets part of your management team

Farmers are being urged to make their veterinarians an integral part of their farm management team.

Herd production performance soars

New data released by LIC and DairyNZ shows New Zealand dairy farmers have achieved the highest six week in-calf rate…

Council lifeline for A&P Show

Christchurch City Council and the Canterbury Agricultural and Pastoral Association (CAPA) have signed an agreement which will open more of…

Struggling? Give us a call

ASB head of rural banking Aidan Gent is encouraging farmers to speak to their banks when they are struggling.

Machinery & Products

Tractor, harvester IT comes of age

Over the last halfdecade, digital technology has appeared to be the “must-have” for tractor and machinery companies, who believe that…

Spot fertiliser applicator keeps costs in check

The Kverneland Pudama principle delivers spot placement of fertiliser in maize, rather than continuous fertiliser placement. As a result, it…

Temporary slurry tanks – cheap, easy to install

With effluent management never far from the thoughts of legislators and farmers becoming increasingly aware of the nutrient values of…

900,000 tractors sold in India

While the average size of a tractor in India is much smaller than in Europe or North America, the market…

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…

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

Milking It

Takeover bid?

OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.

The season for awards - yawn!!

OPINION: It seems every bugger in this country can get an award these days.

» eNewsletter