Displaying items by tag: GDT

The Global Dairy Trade will still have “to travel a lot of distance” to sustain Fonterra’s current farmgate milk price of $4.70/kgMS, Fonterra’s chairman John Wilson says.

Last night's GlobalDairyTrade auction saw the fifth consecutive gain for dairy prices since December.

The Global Dairy Trade price jump of 9.4% last week was at the top end or bigger than predictions by economists and part of a continued upward swing.

Dairy farmers are still wary despite three successive lifts in global dairy auction prices.

Dairy prices rose again overnight with an increase of 9.4% in the Global Dairy Trade auction.

Dairy prices have bottomed out and are on a tentative and slow recovery path. That’s the consensus of four agri economists spoken to by Dairy News after last week’s Global Dairy Trade auction saw a 1% lift overall and notably a 3.8% lift in whole milk powder.

Dairy prices started 2015 on a positive note, rising 3.6% in the Global Dairy Trade auction overnight.

AFTER A 6% drop in the GDT this week, the ASB says the risks are increasingly of a payout on the downside of $5.80/kgMS.

THE ASB has held its milk price forecast at $5.80kg/MS for the 2014/15 season after a mixed bag in the overnight GDT auction.

GLOBALDAIRYTRADE (GDT) has announced that Molkerei Ammerland will join the seven existing sellers on GlobalDairyTrade beginning September, 2014, offering sweet whey powder for the first time on the world's leading dairy auction platform.