$10.25/kgMS milk price now in play
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.
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.
"We're excited to welcome Arla to GDT Pulse," says Justin Matijasevich, interim CEO of GDT. "Their participation will expand opportunities for buyers and add further momentum to the GDT Pulse pilot."
Arla's SMP will be available through Pulse actions held during non-GDT Event weeks, offering buyers more frequent price signals and purchasing opportunities. Arla's first GDT Pulse auction is scheduled for 12 May 2025.
"Joining GDT Pulse is a natural evolution of our sales strategy," says Thomas Carstensen, senior vice president of Arla Foods. "It allows us a flexible new way to connect with customers and offer our products more frequently."
Launched in August 2022 by GDT and Fonterra, GDT Pulse is a pilot service offering shorter, more frequent online auctions to complement GDT Events.
Auctions typically last 10-20 minutes and provide additional price discovery for core dairy commodities.
The Primary Production Select Committee is calling for submissions on the Valuers Bill currently before Parliament.
Horticulture New Zealand (HortNZ) says that commercial fruit and vegetable growers are getting ahead of freshwater farm plan regulations through its Growing Change project.
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