Wednesday, 18 January 2017 09:55

GDT prices rise slightly

font size decrease font size increase font size

GDT Global dairy prices were up slightly overnight, stemming two consecutive drops in the GDT price index.

The latest GDT event saw the price index up 0.6%.

The crucial whole milk powder price was down just 0.1% to US$3283/tonne.

Fonterra says WMP prices must remain above US$3000/t for a $6/kgMS payout to farmers.

Full results; AMF index up 3.7%, average price US$5,528/MT Butter index up 1.6%, average price US$4,382/MT BMP index down 10.1%, average price US$2,783/MT Ched index up 1.3%, average price US$3,940/MT LAC index down 1.7%, average price US$813/MT RenCas index up 4.9%, average price US$6,470/MT SMP index down 1.6%, average price US$2,612/MT WMP index down 0.1%, average price US$3,283/MT

More like this

Fonterra, Sharesies join to make share trading easier

Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.

Co-op eyes Japanese market

Japanese consumers pay a premium for food that contains ingredients that support health.

Fonterra's in good shape

Fonterra released its interim results last month, showing a continuation of the strong earnings performance delivered by the co-op through the 2023 financial year. Here’s what Fonterra chair Peter McBride and chief executive Miles Hurrell said about the results…

China trade

OPINION: Last week's revelation that data relating to New Zealand MPs was stolen amid Chinese state-sponsored cyber espionage targeting two arms of the country’s Parliament could test the long-standing trade relations between the two countries.

Fonterra cashing in on US 'proteinification'

A 'proteinification' wave is sweeping through the US and Fonterra is cashing in with New Zealand made protein.

Featured

McClay ready for trade fight with Canada

Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.

Leadership changes at Dairy Goat Co-op

There have been leadership changes at the Hamilton-based Dairy Goat Co-operative, which has been struggling financially in recent years.

HortNZ CEO to step down

Horticulture NZ chief executive Nadine Tunley will step down in August.

Editorial: War's over

OPINION: In recent years farmers have been crying foul of unworkable and expensive regulations.

16 commercial beef farmers join genetics programme

Another 16 commercial beef farmers have been selected to take part in the Informing New Zealand Beef (INZB) programme designed to help drive the uptake of genetics in the industry.

NZ-EU FTA enters into force

Trade Minister Todd McClay says Kiwi exporters will be $100 million better off today as the NZ-EU Free Trade Agreement (FTA) comes into force.

National

Online business directory for rural women

Rural Women New Zealand (RWNZ) is launching an online business directory called The Country Women’s Collective to promote and support…

Sam Neill joins Campaign for Wool

New Zealand actor Sam Neill has joined the Campaign for Wool NZ as an ambassador, lending his name and profile…

Food recall system at work

The New Zealand Food Safety (NZFS) has started issuing annual reports, a new initiative to share information on consumer-level recalls…

Penno's 25-year leadership role over

Troubled milk processor Synlait’s co-founder John Penno has stepped down from the board.

Removing ban 'a step backwards'

Animal rights organization, SAFE says the government needs to maintain the ban on live exports.

Machinery & Products

Agco invests in Finnish engine plant

While Nokia is more likely recognised for mobile devices, a major investment of €70m (NZ$126m) by global farm machinery brand…

Quality lubricants keep tractors safe

Evan Paxton and his family at Riverview Farms, Dargaville, are one of New Zealand’s leading suppliers of kumara.

Factory clocks up 60 years

There can't be many heavy metal fans who haven’t heard of Basildon, situated about 40km east of London and originally…

Polaris unveils XD 'truck'

Think of a RAM 1500 or a Chevrolet Silverado and compare them to a Ranger or a Hilux: One is…

PM opens new Power Farming facility

Morrinsville based Power Farming Group has launched a flagship New Zealand facility in partnership with global construction manufacturer JCB Construction.