Displaying items by tag: GDT

Dairy prices rose for the second successive Global Dairy Trade (GDT) auction last week, but the jury is still out on whether prices have turned a corner.

OPINION: Dairy farmers are doing it tough and the latest Global Dairy Trade auction results point to tougher times ahead.

Global dairy prices plunged overnight putting further pressure on a depressed farmgate milk price.

Dairy prices have fallen to three-year lows thanks to strong supply and weak demand, mainly for whole milk powder (WMP) from China.

The absence of Chinese demand from the global market is keeping dairy prices subdued.

The first Global Dairy Trade (GDT) auction for the new season delivered underwhelming results last week.

With just a week left in the 2022-23 season, economists agree that a final milk price around $8.30/kgMS is all but locked in.

Plunging global dairy prices and rising input costs are forcing some farms into negative cash flow, according to Federated Farmers dairy chair Richard McIntyre.

Big jumps in butter and cheddar cheese prices reflect Chinese consumers returning to restaurants, cafes and bakeries, says Westpac’s senior agro economist Nathan Penny.

Global Dairy Trade (GDT) auction prices were largely unchanged last week.