Wednesday, 08 August 2018 10:03

No change in GDT price index

Written by Rural News Group

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The Global Dairy Trade (GDT) price index remains unchanged after the overnight auction.

Whole milk powder price rose 0.1% to US$2958/MT; skim milk powder price index lifted 0.3% to US$1972/MT.

Key results

AMF index up 1.2%, average price US$5,709/MT

Butter index down 3.2%, average price US$4,802/MT

BMP index down 5.9%, average price US$2,441/MT

Ched index up 1.3%, average price US$3,663/MT

LAC index not available, average price not available

RenCas index up 8.0%, average price US$4,971/MT

SMP index down 0.3%, average price US$1,972/MT

SWP index not available, average price not available

WMP index up 0.1%, average price US$2,958/MT

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Big return on a small investment

Managing director of Woolover Ltd, David Brown, has put a lot of effort into verifying what seems intuitive, that keeping newborn stock's core temperature stable pays dividends by helping them realise their full genetic potential.

$150B farm succession challenge looms for NZ agriculture

Within the next 10 years, New Zealand agriculture will need to manage its largest-ever intergenerational transfer of wealth, conservatively valued at $150 billion in farming assets.

Meyer Cheese invests $3.5 million in state-of-the-art Waikato facility

Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.

Editorial: Sensible move

OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.

DairyNZ and Beef + Lamb NZ wrap up M. bovis compensation support after $161M in claims

Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.

Farmers win as government scraps proposed Fringe Benefit Tax on utes

Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.

National

Karl Dean elected new Federated Farmers dairy chair, focuses on sector's future

New Federated Farmers national dairy chair Karl Dean is looking forward to tackling the issues facing the sector.

DairyNZ lifts breakeven milk price forecast to $8.68 for 2025/26 season

According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the…

Fonterra Whareroa sets cheese record, wins top award

Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual…

New pasture guide launched to support farmers in a changing climate

A new publication has been launched that offers a comprehensive and up-to-date resource on commercially available grazing pasture species in…

Hoggard slams outdated farm regulations

"We're trying to get to the promised land but we're still in a bit of a swamp at the moment."

Machinery & Products

Innovation takes centre stage at Fieldays 2025 awards event

Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most…

Mud, Rain, and Roaring Engines: 50th Fieldays Tractor Pull thrills crowds despite weather

Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds…

Wrapped Silage Bales: Convenient feed storage with a mounting plastic problem

Wrapped bales arrived in the 1980s offering a viable alternative to clamp silage, and they remain a solution for those…

McKee Plastics celebrates 50 years of innovation at Fieldays 2025

Celebrating 50 years of being in business in 2025 and specialising in the design and manufacture of an extensive range…

John Deere upgrades round baler line with ISOBUS integration and smarter features

John Deere have recently announced upgrades to its round baler offerings, with all models of this latest generation equipped with…

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No change in GDT price index

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