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

Big day at Clash of the Colleges

Craighead Diocesan, Darfield High School and Christchurch Boys' High School took out the three age groups at the Canterbury Clash of the Colleges, which was held at the recent Ashburton A&P Show.

New Zealand Merino Company expands TextileGenesis traceability

The New Zealand Merino Company (NZM) is expanding its collaboration with TextileGenesis to deliver full traceability for 100% of ZQ certified wool and ZQRX regenerative wool.

Waituna Lagoon consent puts farms at risk, Federated Farmers Say

According to Federated Farmers, Environment Southland has mishandled the consent process for Waituna Lagoon, leaving the community with numerous bad outcomes.

Metallica, Kiwi farmers, and community leaders unite for food relief in NZ

Metallica's charitable foundation, All Within My Hands (AWMH), teamed up with Meet the Need this week for a food packing event held at the New Zealand Food Network warehouse in Auckland.

Alliance Group returns to profit after two years with $93m turnaround

After two years, Alliance Group has returned to profit.

Zespri Forecasts Record Returns for 2025/26 Kiwifruit Season

According to Zespri's November forecast for the 2025/26 season, returns are likely to be up for all fruit groups compared to the last forecast in August.

National

Winston Peters slams Fonterra’s sale to Lactalis as “utter madness”

NZ First leader Winston Peters has continued his criticism of Fonterra to sell its brand business to the French company…

Damien O’Connor: NZ united on global trade

When it comes to international trade, politicians from all sides of the aisle are united, says Labour's trade spokesman Damien…

Blue River Dairy eyes new markets after China success

Sheep infant nutrition maker Blue River Dairy is hoping to use its success in China as a springboard into other…

Culverden dairy farmer counts cost of windstorm damage to irrigation

The effects of the big windstorm of late October will be felt in lost production in coming weeks as repair crews…

NZ dairy sector eyes inclusion in India free trade deal

The dairy sector is hopeful of being part of a free trade deal being hammered out between New Zealand and…

Machinery & Products

Samasz Z4-1550 Four-Rotor Rake & KDX Mowers Debut at Agritechnica

In an already crowded market, Polish machinery manufacturer Samasz is set to unveil a prototype of its Z4-1550 four-rotor rake at…

STIHL launches battery-only production site in Romania for power tools

STIHL outdoor products, especially petrol chainsaws and brush-cutters, have always been firm favourites with farmers and rural dwellers.

JCB 80th Anniversary: From farm trailers to global machinery leader

There can't be many people who on seeing the distinctive bright yellow and red colour scheme, don’t think ‘JCB’. Indeed,…

Grange Machinery upgrades 6m close coupled toolbar for maize & cereal efficiency

Following a disappointing UK harvest and severely constrained cereal pricing by grain buyers, many machinery manufacturers are still prepared to invest…

New pick-up for Reiter R10 merger

Building on experience gained during 10 years of making mergers/ windrowers, Austrian company Reiter has announced the secondgeneration pick-up on…

» Latest Print Issues Online

Visit archives

Big rise in dairy prices

More like this

Global milk surplus drives dairy prices lower at latest GDT auction

Strong production, tested demand send milk prices crashing

Global dairy prices rebound after two-month decline

Middle East demand cushions global dairy price drop at latest GDT auction

Arla to offer European-sourced skim milk powder on GDT Pulse

Popular Reads

Hawke’s Bay farmers donate livestock to support rescue helicopter

Dawn Meats confirms no Alliance plant closures

Carrfields invests in new Ashburton R&D hub

Winston Peters calls Fonterra vote result 'utter madness'

Pamu backs Fonterra’s $4.22B divestment as shareholders deliver strong ‘yes’ vote

Featured

Big day at Clash of the Colleges

New Zealand Merino Company expands TextileGenesis traceability

Waituna Lagoon consent puts farms at risk, Federated Farmers Say

Metallica, Kiwi farmers, and community leaders unite for food relief in NZ

Alliance Group returns to profit after two years with $93m turnaround

Zespri Forecasts Record Returns for 2025/26 Kiwifruit Season

National

Winston Peters slams Fonterra’s sale to Lactalis as “utter madness”

Damien O’Connor: NZ united on global trade

Blue River Dairy eyes new markets after China success

Culverden dairy farmer counts cost of windstorm damage to irrigation

NZ dairy sector eyes inclusion in India free trade deal

Machinery & Products

Samasz Z4-1550 Four-Rotor Rake & KDX Mowers Debut at Agritechnica

STIHL launches battery-only production site in Romania for power tools

JCB 80th Anniversary: From farm trailers to global machinery leader

Grange Machinery upgrades 6m close coupled toolbar for maize & cereal efficiency

New pick-up for Reiter R10 merger

» Latest Print Issues Online

Milking It

Remembering Bolger

Time for action

» eNewsletter

Big rise in dairy prices

More like this

» Latest Print Issues Online

» Connect with Dairy News

» eNewsletter