Wednesday, 08 July 2020 08:42

Whopping 14% rise in WMP price!

Written by Staff Reporters

font size decrease font size increase font size
Print
Email

Whole milk powder price in the overnight Global Dairy Trade auction rose 14%.

New Zealand dairy farmers have woken up to some great news.

Whole milk powder price in the overnight Global Dairy Trade (GDT) auction rose a whopping 14% to US$3,208/metric tonne.

The GDT price index was up 8.3% compared to the last auction.

All products on offer saw an increase in their average prices.

Key results

AMF index down 0.2%, average price US$3,981/MT

Butter index up 3.0%, average price US$3,717/MT

BMP index up 3.8%, average price US$2,417/MT

Ched index up 3.3%, average price US$3,762/MT

LAC index up 1.9%, average price US$1,309/MT

SMP index up 3.5%, average price US$2,694/MT

SWP index not available, average price not available

WMP index up 14.0%, average price US$3,208/MT

Featured

Hurrell Resignation: No Bonus or Golden Handshake for Fonterra CEO

Fonterra is rejecting New Zealand First's claim that outgoing chief executive Miles Hurrell is in line for a 'golden handshake'.

Wool Source Converts Strong Wool into Sustainable Screen Printing Pigments

Strong wool is now being used as a pigment in screen printing for a new clothing range.

Halter Raises NZ$377M to Expand Virtual Fencing Globally

Halter has unveiled plans for a large-scale expansion of its virtual fencing and animal management system, following a major fundraising round.

Cam Clayton Eyes Last Shot at FMG Young Farmer Title

“Pack your thinking caps. You need more than just farming knowledge for this one.”

Cyber Attacks on NZ Businesses Decline, But Risks Remain High – Kordia Report

Cyber attacks on New Zealand businesses are down.

Live Animal Export Ban to Remain as Government Rules Out Reinstatement

The man who organised a 57,000 signature petition to ban the export of live animals by sea from NZ says he's delighted that the Government has abandoned plans to reinstate the trade.

National

IrrigationNZ warns RMA reform may miss water needs

Irrigation NZ is warning that the government's Resource Management Act (RMA) reform risks falling short of its objectives unless water…

Safer Farms Appoints First Regional Champions to Promote Farm Without Harm

Safer Farms has welcomed its first three regional champions that will be taking the Farm Without Harm message directly into…

Trev Integrates with LIC MINDA

Farm software outfit Trev has released new integrations with LIC, giving farmers a more connected view of animal performance across…

Taranaki Farmers Showcase Family Succession and Sustainable Dairy Practices

Crafting a successful family succession plan is a notoriously hard act to pull off.

Middle East Conflict Could Push Fertiliser Prices Higher for NZ Farmers

Farmers need not worry about fertiliser supply this autumn but the prices they pay will depend on how the Middle…

Machinery & Products

AGCO Power Core80 Engine Wins Diesel Engine of the Year

AGCO Power, part of the AGCO corporation, has won Diesel Engine of the Year with its Core80 Engine.

How Bale Wrapping Transformed Forage Storage

Machinery and Products editor Mark Daniel takes a look at the history of bale wrapping.

Krone Group Earnings Drop Despite Stable Farm Machinery Sales

While turnover was back slightly at €2.3 billion in 2024/2025 (previous year €2.4 billion), the German Krone Group saw earnings fall…

Bobcat Diversifies with Launch of Safety Footwear Line

As the agricultural machinery market shows signs of recovery after a difficult two years, manufacturers are continually looking at new…

Carrfields Appointed Krone and Kubota Dealer for Lower South Island

Ashburton-based Carrfields has announced that, from the New Year, it is officially authorised to sell Krone Forager Harvesters and Kubota…

» Latest Print Issues Online

Visit archives

Whopping 14% rise in WMP price!

More like this

Buyers Push Dairy Prices Higher as GDT Index Jumps 24%

Market Takes The Scenic Route

Editorial: A Win-Win For All

Global Dairy Prices Surge with GDT Index Up 18% in 2026

Editorial: Morale booster

Popular Reads

Hawke’s Bay Apple Grower Taylor Corporation Reports Standout 2026 Season Boosting Industry Optimism

Share Farmers, Managers Honoured in Wairarapa

Global Dairy Prices Surge with GDT Index Up 18% in 2026

Heinz Wattie’s Plant Closures Set to Hit Canterbury Vegetable Growers Hard

Castle Ridge Station Wins Canterbury Supreme Environmental Award

Featured

Hurrell Resignation: No Bonus or Golden Handshake for Fonterra CEO

Wool Source Converts Strong Wool into Sustainable Screen Printing Pigments

Halter Raises NZ$377M to Expand Virtual Fencing Globally

Cam Clayton Eyes Last Shot at FMG Young Farmer Title

Cyber Attacks on NZ Businesses Decline, But Risks Remain High – Kordia Report

Live Animal Export Ban to Remain as Government Rules Out Reinstatement

National

IrrigationNZ warns RMA reform may miss water needs

Safer Farms Appoints First Regional Champions to Promote Farm Without Harm

Trev Integrates with LIC MINDA

Taranaki Farmers Showcase Family Succession and Sustainable Dairy Practices

Middle East Conflict Could Push Fertiliser Prices Higher for NZ Farmers

Machinery & Products

AGCO Power Core80 Engine Wins Diesel Engine of the Year

How Bale Wrapping Transformed Forage Storage

Krone Group Earnings Drop Despite Stable Farm Machinery Sales

Bobcat Diversifies with Launch of Safety Footwear Line

Carrfields Appointed Krone and Kubota Dealer for Lower South Island

» Latest Print Issues Online

Milking It

Happy Days

Begging Bowl

» eNewsletter

Whopping 14% rise in WMP price!

More like this

» Latest Print Issues Online

» Connect with Dairy News

» eNewsletter