Thursday, 07 February 2019 09:16

Big rise in dairy prices

Written by Rural News Group

font size decrease font size increase font size
Print
Email

The overnight Global Dairy Trade saw the price index rise 6.7%.

Global dairy prices have seen one of their biggest jumps in recent years.

The overnight Global Dairy Trade (GDT) saw the price index rise 6.7%.

The whole milk powder index rose 8.4% to US$3027/metric tonne, the highest it has reached since May last year.

Key results

AMF index up 5.8%, average price US$5,579/MT

Butter index up 4.2%, average price US$4,445/MT

BMP index down 3.1%, average price US$3,158/MT

Ched index up 1.4%, average price US$3,565/MT

LAC index up 1.3%, average price US$1,035/MT

RenCas index up 10.9%, average price US$5,596/MT

SMP index up 3.9%, average price US$2,534/MT

SWP index not available, average price not available

WMP index up 8.4%, average price US$3,027/MT

Featured

Mary Bowron Named Best Sheep and Beef Vet of the Year

B+LNZ's Wormwise veterinarian Mary Bowron has won the Best Sheep and Beef Vet of the Year Award in recognition of her outstanding contribution to New Zealand’s sheep and beef sector.

Massey Uses Portable Analyser to Measure Pasture Soil GHGs

Researchers at Massey University are using a special piece of scientific equipment to improve the measurement of greenhouse gas emissions from pasture soils.

Seeka Posts Record $62m Profit as Zespri Lifts 2026 Forecast

More signs of a booming kiwifruit sector.

Editorial: Drones Are Not Toys

OPINION: David Seymour and James Meager's plan to make it easier for farmers and orchardists to operate drones can best be described a 'courageous' move.

Lanaco and Blueair Launch World-First NZ Wool Air Filter

New Zealand wool is reaching new heights as air filtration companies move away from synthetic products to biodegradable alternatives.

Opuha Dam Commissions New Valve in Major Flood Safety Upgrade

Opuha Dam's ability to protect South Canterbury communities from major flooding has taken a significant step forward, with Opuha Water Limited (OWL) successfully commissioning a new outlet valve capable of releasing record volumes of water from the dam ahead of a weather event.

National

Ex-National MP: Coup Attempt Could Cost Luxon the Election

I think it's going to greatly weaken National at the election. That's the view of a former senior National MP…

RMA Reform Still on Track Despite Wellington Drama — Feds

Despite political shenanigans in Wellington, farmers are confident that Resource Management Act (RMA) reforms will get over the line in…

Carrfields Marks 50 Years as Rural Health Programme Grows

Celebrating 50 years in the rural landscape of Central Canterbury and beyond, Ashburton-based Carrfields, has been the exemplar for all…

Timaru-Bred Bull Takes Out 2026 Mahoe Trophy

An LIC bull, Tronnoco AR Sadio-ET S3F, bred by Tony and Keri O'Connor of Tronnoco Farming Co Ltd near Timaru,…

Ballance Urges Farmers to Plan Ahead for El Niño

With forecasters advising El Niño conditions will develop through winter and strengthen into spring and summer, Ballance Agri-Nutrients is encouraging…