increase font size
Global dairy prices have dipped slightly after consecutive rises in the Global Dairy Trade auction.
Last night’s auction delivered a 0.5% drop to the GDT price index.
However, whole milk powder was up 0.1% to US$3331/metric tonne.
Skim milk powder also continues its merry run, up 1.9% to US$3068/MT.
Key results
AMF index down 5.1%, average price US$4,840/MT
Butter index down 4.9%, average price US$3,983/MT
BMP index up 1.6%, average price US$2,846/MT
Ched index up 2.7%, average price US$3,797/MT
LAC index not available, average price US$779/MT
RenCas index up 4.9%, average price US$8,047/MT
SMP index up 1.9%, average price US$3,068/MT
SWP index not available, average price not available
WMP index up 0.1%, average price US$3,331/MT
Global Dairy Trade (GDT) and Arla Foods have announced that Arla will begin offering European-sourced skim milk powder (SMP) on GDT Pulse from May 2025 as part of an extension to the GDT Pulse pilot.
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.
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.
The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.
Weaker milk production in the Northern Hemisphere is keeping dairy prices high.
While opening the first electrode boiler at its Edendale site, Fonterra has announced a $70 million investment in two further new electrode boilers.
Fonterra says its ongoing legal battle with Australian processor Bega Cheese won’t change its divestment plans.
With an amendment to the Medicines Act proposing human medicines could be approved in 30 days if the product has approval from two recognised overseas jurisdictions, there’s a call for a similar approach where possible to be applied to some animal medicines.
The Government wants to make sure that rural communities get a level of service that people who live in cities often complacently expect.
As the New Zealand Government launches negotiations on a Free Trade Agreement with India, one Canterbury-based vegetable seed breeder is already benefiting from exporting to the world's fifth-largest economy.
Onenui Station on Mahia Peninsula in northern Hawke's Bay is a world first in more ways than one.
