fbpx
Print this page
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

Featured

$700m for freshwater clean up

The Government has announced a $700 million fund to support the primary sector and other groups in meeting new clean water standards.

Synlait's milk price drop

Canterbury milk processor Synlait has reduced its 2019-20 forecast base milk price by 20c to $7.05/kgMS.

 

Overstayers irk farmers

A new law preventing the eviction of tenants from rental properties is causing a headache for some dairy farmers.

Katie’s parting shot

Outgoing Federated Farmers president Katie Milne has hit out at Wellington-based government officials for their lack of understanding about farming.

Feed shortage looming large

Parts of the Waikato are starting to recover from the drought, but the availability of feed remains a concern, says DairyNZ’s Sharon Morrell.

Southland on the brink

Southland is teetering on the edge of a bad situation, according to DairyNZ’s lead consulting officer in the South Island, Tony Finch.