Print this page

Wednesday, 08 July 2020 08:42

Whopping 14% rise in WMP price!

Written by Staff Reporters

font size decrease font size increase font size

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

Top breeders and cows honoured at 2025 Holstein Friesian NZ Awards in Invercargill

Holstein Friesian excellence was front and centre at the 2025 Holstein Friesian NZ (HFNZ) Awards, held recently in Invercargill.

Data sharing initiative wins national award for saving farmers time

The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.

India–New Zealand FTA talks continue in Delhi as officials pursue trade breakthrough

This past week has seen another round of negotiations between India and New Zealand to produce a free trade agreement (FTA) between the two countries.

Lower North Island farmers “cautiously optimistic” heading into winter – DairyNZ

Cautiously optimistic is how DairyNZ's regional manager for the lower North Island, Mark Laurence describes the mood of farmers in his patch.

Fibre broadband expansion to 95% of NZ gets green light – a win for rural connectivity

The Infrastructure Commission has endorsed a plan by Chorus to expand fibre broadband to 95% of New Zealand much to the delight of rural women.

Dairy sector flush with cash – but is it really in great shape?

Questions are being raised about just how good the state of the dairy industry is - especially given that the average farmgate payout for the coming season is set to exceed $10/kgMS.

National

Karl Dean elected new Federated Farmers dairy chair, focuses on sector's future

New Federated Farmers national dairy chair Karl Dean is looking forward to tackling the issues facing the sector.

DairyNZ lifts breakeven milk price forecast to $8.68 for 2025/26 season

According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the…

Fonterra Whareroa sets cheese record, wins top award

Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual…

New pasture guide launched to support farmers in a changing climate

A new publication has been launched that offers a comprehensive and up-to-date resource on commercially available grazing pasture species in…

Hoggard slams outdated farm regulations

"We're trying to get to the promised land but we're still in a bit of a swamp at the moment."

Machinery & Products

Innovation takes centre stage at Fieldays 2025 awards event

Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most…

Mud, Rain, and Roaring Engines: 50th Fieldays Tractor Pull thrills crowds despite weather

Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds…

Wrapped Silage Bales: Convenient feed storage with a mounting plastic problem

Wrapped bales arrived in the 1980s offering a viable alternative to clamp silage, and they remain a solution for those…

McKee Plastics celebrates 50 years of innovation at Fieldays 2025

Celebrating 50 years of being in business in 2025 and specialising in the design and manufacture of an extensive range…

John Deere upgrades round baler line with ISOBUS integration and smarter features

John Deere have recently announced upgrades to its round baler offerings, with all models of this latest generation equipped with…

Whopping 14% rise in WMP price!

More like this

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

$10 milk price still on

Mixed results on GDT

Popular Reads

Open Country Dairy prepares to launch first commercial butter

Serratia-linked Mastitis a wake-up call for Waikato farmer

'Grand Alliance' growing grass-fed beef exports to China

Rural Support Trust dinner raises $300,000

Halter raises $165m, company valued at $1.65b