Displaying items by tag: Milk prices

With just one more Global Dairy Trade (GDT) auction left for the 2020-21 season, bumper dairy price gains recorded in March remain intact.

With just under three months to go this season, attention is turning to the opening forecast milk price for 2021-22.

Fonterra's decision to downgrade its 2020-21 milk price midpoint by 5c has surprised farmers and markets.

The GlobalDairyTrade Event 173 concluded with the GDT Price Index down 3% over night.

Fonterra has for the first time passed all its forecast milk price rise to its cash-strapped farmer suppliers.

Fonterra Cooperative Group Ltd increased its 2016/17 forecast farmgate milk price by 50 cents to $5.25/kgMS.

“A super start to spring” is how Rabobank dairy analyst Emma Higgins describes the third consecutive significant rise on the Global Dairy Trade (GDT) event platform.

Global Dairy Trade Event 171 concluded overnight with the GDT price index up 7.7%

Cheese prices have fallen to their lowest level in almost nine years in the local market, with overall food prices dragged down by cheaper dairy products.

Embattled European dairy farmers are to get another $780 million to help them weather the downturn.