Glut in global milk supply keeping prices down
The final Global Dairy Trade (GDT) auction has delivered bad news for dairy farmers.
Dairy prices increased at the GlobalDairyTrade auction overnight, rising for the third time in a row.
Dairy prices increased at the GlobalDairyTrade auction overnight, rising for the third time in a row.
The GDT price index advanced 3.1% cent from the previous auction two weeks ago.
The flagship whole milk powder rose 3.5% to US$2998/tonne.
Skim milk powder, which has been lagging way behind WMP, also got a boost; prices rose 7.1% to US$2044/ tonne.
Key results
AMF index down 0.5%, average price US$5,930/MT
Butter index up 2.9%, average price US$4,892/MT
BMP index not available, average price US$1,720/MT
Ched index up 6.0%, average price US$3,462/MT
LAC index up 1.2%, average price US$935/MT
RenCas index down 3.8%, average price US$6,020/MT
SMP index up 7.1%, average price US$2,044/MT
WMP index up 3.5%, average price US$2,998/MT
The Coalition Government will need the support of at least one opposition party to ratify the free trade deal with India.
Primary sector leaders have welcomed the announcement of a Free Trade Agreement between India and New Zealand.
At Pāmu’s Kepler Farm in Manapouri, mating has wrapped up at the across-breed Beef Progeny Test.
More than 150 people turned up at Parliament recently to celebrate the 20th anniversary of Horticulture New Zealand (HortNZ).
Biosecurity New Zealand says Kiwis should continue to keep an eye out for yellow-legged hornets (Vespa velutina) over the holiday season.
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
President Donald Trump’s decision to impose tariffs on imports into the US is doing good things for global trade, according…
Seen a giant cheese roll rolling along Southland’s roads?