Third rise in dairy prices this year

Written by Rural News Group

font size decrease font size increase font size

Last night’s Global Dairy Trade auction saw the price index up 5.9% over the previous auction.

Dairy prices have risen for the third consecutive auction this year.

Last night’s Global Dairy Trade (GDT) auction saw the price index up 5.9% over the previous auction.

The flagship whole milk powder prices rose 7.6% to US$3226/metric tonne, the highest it has been in eight months.

Skim milk powder prices rose 7.2%, however it still sits below the US$2000/MT mark.

Butter prices also jumped 7.9%.

Key Results

AMF index up 0.5%, average price US$6,581/MT

Butter index up 7.9%, average price US$5,277/MT

BMP index up 8.4%, average price US$2,039/MT

Ched index up 7.2%, average price US$3,739/MT

LAC index not available, average price not available

RenCas index up 5.0%, average price US$4,943/MT

SMP index up 7.2%, average price US$1,932/MT

WMP index up 7.6%, average price US$3,226/MT

Featured

Czarnikow Launches Digital Milk Pricing Tool in NZ

New Zealand dairy farmers are set to be the first in the world to receive access to a new digital physical milk pricing tool that enables them to fix the price for their physical milk.

Pāmu Opens Farm Gates for Summer Open Farm Days

State farmer Pāmu is opening its farm gates this summer in an effort to give the rural sector the opportunity to see how large-scale, multi-system farming is delivering productivity and profitability across New Zealand.

Northland Study: Emissions Cuts "Unsustainable" for Dairy

A five-year study has found that the cost of reducing emissions without technology may be significant and unsustainable for Northland dairy farmers.

DairyNZ: Waikato Farmers Need Certainty on PC1 Rules

DairyNZ says Waikato farmers need certainty on Plan Change 1, but they say that certainty must be matched with practical, workable rules and a clear transition that doesn't get ahead of the new resource management system currently under review.

NZ Rural Contractors Push for Urgent VDAM Rule Reform

While the Government has moved quickly to make commercial hauliers' lot easier during the current fuel crisis, they appear to be stuck in the creep box when it comes to the agricultural industry.

Government's New Planning System, PC1 'Won't Mesh Together Well'

Waikato farmers have been told that the Government’s new planning system legislation and the region’s Plan Change 1 (PC1) “won’t mesh together very well”.