Glut in global milk supply keeping prices down
The final Global Dairy Trade (GDT) auction has delivered bad news for dairy farmers.
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.
Fears of a serious early drought in Hawke’s Bay have been allayed – for the moment at least.
There was much theatre in the Beehive before the Government's new Resource Management Act (RMA) reform bills were introduced into Parliament last week.
The government has unveiled yet another move which it claims will unlock the potential of the country’s cities and region.
The government is hailing the news that food and fibre exports are predicted to reach a record $62 billion in the next year.
The final Global Dairy Trade (GDT) auction has delivered bad news for dairy farmers.
One person intimately involved in the new legislation to replace the Resource Management Act (RMA) is the outgoing chief executive of the Ministry for the Environment, James Palmer, who's also worked in local government.
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?