Print this page

Wednesday, 21 March 2018 09:26

Whole milk powder price holds

Written by Rural News Group

font size decrease font size increase font size

Global dairy prices dropped slightly overnight but the flagship whole milk powder price managed a slight increase.

The GDT price index dropped 1.2% compared to the previous auction.

However, whole milk powder price rose 0.1% to US$3226/metric tonne. Futures had earlier predicted a 2% fall in WMP.

Skim milk powder price fell sharply- by 8.6% to US$1887/MT. Butter price was unchanged.

Key results

AMF index unchanged, average price US$6,249/MT

Butter index unchanged, average price US$5,281/MT

BMP not offered

Ched index down 3.9%, average price US$3,609/MT

LAC index not available, average price US$590/MT

RenCas index down 2.9%, average price US$4,948/MT

SMP index down 8.6%, average price US$1,887/MT

WMP index up 0.1%, average price US$3,226/MT

Featured

DairyNZ appoints Dr Jenny Jago to key science role

DairyNZ has appointed Dr Jenny Jago to a newly created leadership team role - science partnerships & impact advisor - as part of a strategic refresh of the organisation's science leadership.

Editorial: Right call

OPINION: Public pressure has led to Canterbury Police rightly rolling back its proposed restructure that would have seen several rural police stations closed in favour of centralised hubs.

From Calf Shows to Semex NZ: Rachel Cox’s dairy journey

When I interview Rachel Cox, she is driving - on her way to her next meeting.

Fonterra to boost UHT cream production with $150m plant

With Fonterra's UHT plant at its Edendale site less than a year from completion, demand continues to grow for products the plant will produce, such as Anchor Whipping Cream.

New scholarship to grow female leaders in dairy

A new $50,000 scholarship fund designed to support and empower women in the New Zealand dairy industry through leadership development has been launched.

High dairy payouts fuel record milk production across NZ

Many farmers around the country are taking advantage of the high dairy payout to get maximum production out of their cows.

National

New Zealand postal service changes leave rural communities disappointed

Changes to New Zealand’s postal service has left rural communities disappointed.

$10 milk price still in sight despite global dairy markets softening

A $10 milk price remains on the cards for this season despite recent softening of global dairy prices.

Another record milk price for Tatua suppliers

Independent Waikato milk processor Tatua has set another new record for conventional farmgate milk price paid to New Zealand farmers.

DairyNZ: Strong payouts offset high farm costs

The dairy sector is in a relatively stable position, with strong milk price payout forecasts continuing to offset ongoing high…

Federated Farmers slam Canterbury nitrate emergency

A shameless political stunt is how Federated Farmers is describing the Canterbury Regional Council decision to declare “a nitrate emergency”…

Machinery & Products

New McHale terra drive axle option

Well-known for its Fusion baler wrapper combination, Irish manufacturer McHale has launched an interesting option at the recent Irish Ploughing…

Quad safety promoted as part of the product

It's hard to believe that quad bikes or ATVs have been around for about 50 years – even longer if…

Amazone unveils flagship spreader

With the price of fertiliser still significantly higher than 2024, there is an increased onus on ensuring its spread accurately at…

Sky Agriculture launches Sky Sonic precision planter

Sky Agriculture was formed in 2020, bringing together the well-known European brands of Sulky, Prolog and Sky, under the oversight…

Kverneland to debut Alentix fertiliser spreaders at Agritechnica

With Agritechnica just around the corner, it’s no surprise to see manufacturers drip-feed some information of new products worth a…

Whole milk powder price holds

More like this

Strong production, tested demand send milk prices crashing

Global dairy prices rebound after two-month decline

Middle East demand cushions global dairy price drop at latest GDT auction

Arla to offer European-sourced skim milk powder on GDT Pulse

$10.25/kgMS milk price now in play

Popular Reads

All eyes on NZ milk supply

South Otago farmer balances family, farming and drought challenges

Less Red Tape, More Markets: NZ exporters get certainty

Sir Lockwood Smith: Use academic freedom with great care

John Deere technician's record hat trick