Wednesday, 21 August 2019 11:05

Dairy price dips slightly

Written by Rural News Group

font size decrease font size increase font size
Print
Email

The global dairy price index dipped slightly overnight.

The Global Dairy Trade (GDT) price index was down 0.2% compared to the previous event.

However, whole milk powder price rose 2.1% to US$3,100/metric tonne.

Butter, AMF and skim milk powder prices finished lower than the previous auction.

Key results

• AMF index down 3.7%, average price US$5,061/MT

• Butter index down 3.4%, average price US$4,025/MT

• BMP not offered

• Ched index up 0.8%, average price US$3,857/MT

• LAC index down 3.7%, average price US$740/MT

• RenCas index down 8.1%, average price US$6,348/MT

• SMP index down 0.3%, average price US$2,478/MT

• SWP index not available, average price not available

• WMP index up 2.1%, average price US$3,100/MT

Featured

Pork Remains Among NZ's Most Affordable Meats: Stats NZ

As the cost-of-living crisis continues to put pressure on household grocery budgets, new figures show pork remains one of the most affordable fresh meat options for New Zealand families.

Editorial: The Value of Credibility

OPINION: In politics, credibility is and should be big. It must surely rank higher than charisma, which is quite trite and superficial. Yet, voters nowadays are often wooed and influenced by how someone looks or talks at a superficial level. TV plays a huge role in this.

DairyBase and MINDA Link Up to Cut Farmer Paperwork

Farmers can spend less time on paperwork, thanks to a new data sharing agreement between DairyNZ’s DairyBase and LIC’s MINDA software.

Kaikōura Families Get School Run Lifeline After Storm

Kaikōura families affected by July's severe storm have found a practical solution to a problem that's kept some children away from regular schooling for weeks: a washed-out section of Inland Kaikōura Road, which has stopped the local school bus from running its usual route.

Rural NZ Welcomes $8.5m Government Health Package

Rural New Zealand is welcoming the Government’s recent package of rural healthcare initiatives.

Massey Adds New Majors in Agritech, Animal Science

Interest in agritech and production animal systems has prompted Massey University's School of Agriculture and the Environment to new majors to its popular animal science degree.

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…