Wednesday, 08 September 2021 08:34

Solid gains in milk powder prices

Written by  Sudesh Kissun
The whole milk powder price 3.3% at last night's GDT auction. The whole milk powder price 3.3% at last night's GDT auction.

Dairy prices on the overnight Global Dairy Trade (GDT) auction recorded their biggest gains in six months.

The GDT price index rose 4%, its biggest jump since March when it soared 15%.

Whole milk powder price rose 3.3% to US$3691/metric tonne, its biggest rise since gaining 21% in March.

Skim milk powder also recorded a big jump; rising 7.3% to US$3274/MT.

Key Results

AMF index up 3.1%, average price US$5,970/MT
Butter index up 3.7%, average price US$4,948/MT
BMP index up 3.0%, average price US$3,287/MT
Ched index up 3.6%, average price US$4,328/MT
LAC index up 6.4%, average price US$1,167/MT
SMP index up 7.3%, average price US$3,274/MT
SWP not offered
WMP index up 3.3%, average price US$3,691/MT

More like this

Milk price set to stay high

The 2022-23 farmgate milk price is likely to be one of the strongest on record, says ASB economist Nat Keall.

National

Genetics focus boosts herd

A strong focus on genetics and DNA has paid dividends for Fernside dairy farmer Julie Bradshaw with four of her…

Machinery & Products

A baler like no other

While baler-wrapper combinations have become the backbone of baled silage production, one machine stands out from the rest in the…

Small bales in demand

While round or large square bales have the dominant shares in the rural landscape, small square bales still play an…

Amazone's one-pass operation

Ag machinery maker Amazone has paired up its Precea precision air seeder and Combi-Disc 3000 compact disc harrow to deliver…

» The RNG Weather Report

» Latest Print Issues Online

Milking It

$1m remains unpaid

OPINION: A group of New Zealand farmers who collectively sold $1 million worth of cattle to a live export company…

Too close for comfort

OPINION: One vet believes the threat of foot-and-mouth entering New Zealand is much higher than what authorities tell the public.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter