Wednesday, 05 June 2019 09:07

Milk prices dip, again

Written by 
The whole milk powder price index was down 1.5%. The whole milk powder price index was down 1.5%.

The global dairy price index recorded its second straight drop overnight.

The GDT price index was down 3.4% compared to the previous auction; since early May, the GDT price index has suffered two declines after a golden run of price increases from December 2018.

The whole milk powder index was down 1.5% to US$3,138/metric tonne, despite Fonterra reporting drop in milk production both in NZ and Australia.

Key results

AMF index down 5.7%, average price US$5,752/MT

Butter index down 10.3%, average price US$4,805/MT

BMP index down 10.1%, average price US$2,807/MT

Ched index down 14.0%, average price US$3,950/MT

LAC index up 0.4%, average price US$897/MT

RenCas index up 4.2%, average price US$7,201/MT

SMP index down 4.0%, average price US$2,436/MT

SWP index not available, average price not available

WMP index down 1.5%, average price US$3,138/MT

More like this

Global markets firm, NZ flying

The global dairy market looks set to remain firm through the coming six months, says Rabobank’s latest global Dairy Quarterly report.

» The RNG Weather Report

Featured

A big future ahead

Age hasn't been a barrier for young vegetable grower of the year Austin Singh Purewal.

 

Sheep and beef doing its bit

No increase in stock numbers in the sheep and beef sector is anticipated as the industry moves towards carbon neutrality, says Beef + Lamb NZ head of nutrition Fiona Windle.

Fonterra lifts milk price

Good news for Fonterra farmers – the co-op is increasing its 2019-20 forecast farmgate milk price by 30c/kgMS.

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Lack of interest

The final list of candidates for Fonterra’s board election is out. Surprisingly only one candidate came through the farmer nominated…

DairyNZ poll

Talking about elections, the DairyNZ board election is shaping up to be a much more exciting affair.

 

» Connect with Dairy News