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Coronavirus uncertainty has led to the third consecutive drop in the Global Dairy Trade price index.
Global dairy prices have dropped for the third consecutive auction.
The Global Dairy Trade (GDT) price index was down 1.2% overnight, following drops of 5,5% and 4.7%.
The poor run is being blamed by uncertainty around the spread of coronavirus.
Key results
AMF index down 1.7%, average price US$4,302/MT
Butter index up 1.0%, average price US$4,131/MT
BMP index down 4.8%, average price US$2,718/MT
Ched index down 4.7%, average price US$4,285/MT
LAC index up 5.7%, average price US$871/MT
RenCas index up 0.5%, average price US$9,891/MT
SMP index down 3.2%, average price US$2,747/MT
SWP index not available, average price not available
WMP index down 0.5%, average price US$2,952/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.
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A Māori-owned agribusiness helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sectors wants more industry support.
Only this season’s $10/kgMS bumper payout has saved some dairy farms along the Taranaki coast from absolute disaster due to the present drought – dubbed as one of the worst ever for some.
A survey of contract milkers in the dairy sector has revealed some shocking statistics - 43% of respondents reported abusive behaviour from a farm owner and a whopping 72% suffered a mental and/or financial setback in the role.
The 2025 game bird season is underway with Hawke’s Bay and Southland reporting the ideal weather conditions for hunters – rain and wind.
A group of meat processing companies, directors and managers have been fined a total of $1.6 million for deliberately and illegally altering exported tallow for profit.
