Displaying items by tag: GlobalDairyTrade

The latest GlobalDairyTrade results showed another move in the right direction and cause for cautious optimism, but “not time to pop the champagne yet”.

Fonterra is being “commercially rational” by reducing the volumes sold on the Global Dairy Trade (GDT) auction, says Fonterra managing director global ingredients, Kelvin Wickham.

New Zealand's second largest dairy company is reporting increased activity from the market following the August 19 GlobalDairyTrade (GDT) auction.

The latest dairy auction has seen the dairy index up for the second time in a row, in what will be a welcome result for dairy farmers.

Fonterra is being “commercially rational” by reducing the volumes sold on the Global Dairy Trade (GDT) auction, says Fonterra managing director global ingredients, Kelvin Wickham.

Key signs of lowering production were enough to “wake the market up” out of its downward spiral at last week’s GlobalDairyTrade auction, says ASB rural economist Nathan Penny.

Could Fonterra have predicted the current downturn in dairy prices?

Fonterra is brushing off calls to suspend its online dairy auction as a means of arresting the decline in milk powder prices.

Fonterra is significantly reducing quantities it will offer on the GlobalDairyTrade (GDT) auction for the next 12 months including a shift away from whole milk powder.

The end of the tunnel is still not showing any light for farmers. Six months ago they were told to expect a bounce-back in global dairy prices about now. But last week’s Global Dairy Trade results show no sign of recovery.