Wednesday, 03 April 2019 10:36

Ninth straight rise for GDT price index

Written by 
GDT’s price index hasn’t seen a price drop since November last year. GDT’s price index hasn’t seen a price drop since November last year.

The Global Dairy Trade (GDT) price index has risen for the ninth consecutive time.

Last night’s GDT auction saw the price index rise 0.8% to UIS$3483/metric tonne. GDT’s price index hasn’t seen a price drop since November last year.

A decline in milk production among key producing global regions is keeping prices up. 

However, the flagship whole milk powder price was down 1.35 to US$3287/MT.

Butter prices saw another big jump- 5.8% to US$5374/MT. Skimmed milk powder was up 1.8%.

Key results

AMF index up 3.7%, average price US$5,867/MT

Butter index up 5.8%, average price US$5,374/MT

BMP index up 5.0%, average price US$3,548/MT

Ched index up 3.2%, average price US$4,248/MT

LAC index down 5.3%, average price US$948/MT

RenCas index up 7.5%, average price US$6,703/MT

SMP index up 1.8%, average price US$2,468/MT

SWP index not available, average price not available

WMP index down 1.3%, average price US$3,287/MT

More like this

$10.25/kgMS milk price now in play

A significant rise in Global Dairy Trade (GDT) auction last week has prompted one bank to lift its forecast milk price for the season to above Fonterra's mid-point.

$10 milk price still on

Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.

Mixed results on GDT

The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.

Featured

Being a rural vet is ‘fantastic’

Everyone from experienced veterinarians and young professionals to the Wormwise programme and outstanding clinics have been recognised in this year’s New Zealand Veterinary Association Te Pae Kīrehe (NZVA) awards.

Editorial: Long overdue!

OPINION: The Government's latest move to make freshwater farm plans more practical and affordable is welcome, and long overdue.

National

Lame stories from a country vet

Everyone from experienced veterinarians and young professionals to the Wormwise programme and outstanding clinics have been recognised in this year’s…

Machinery & Products

Gongs for best field days site

Among the regular exhibitors at last month’s South Island Agricultural Field Days, the one that arguably takes the most intensive…

Amazone extends hoe range

With many European manufacturers releasing mechanical weeding systems to counter the backlash around the use and possible banning of agrochemicals,…

Gong for NH dealers

New Holland dealers from around Australia and New Zealand came together last month for the Dealer of the Year Awards,…

» Latest Print Issues Online

Milking It

Less hot air

OPINION: Farmers won't get any credit for this from the daily media, so Milking It is giving the bouquets where…

Dollars go offshore

OPINION: The Advertising Standards Authority’s 2024 report revealed that not only is social media rotting our brains, it is also…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter