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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
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.
The cost of producing milk in New Zealand continues to compare favourably with other exporting regions despite a lift in production costs over the past five years.
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.
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Meat processor ANZCO Foods’ net profit has plunged on the back of lower market returns which squeezed margins and impacted business performance.
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AgriZeroNZ has entered a new partnership with Britain's national innovation agency, Innovate UK.
Twenty rural community hubs across New Zealand will receive $5,000 to upgrade their facilities having been selected as the winners of Rabobank's Community Hub Competition.
As the dairy industry prepares to celebrate its top achievers at an awards night this Saturday, attendees are being warned to be aware of protests planned outside the venue – Baypark Arena, Mount Mauganaui.
