fbpx
Print this page
Wednesday, 19 September 2018 09:09

Dairy prices continue slide

Written by 
The GDT price index hasn’t seen a rise since May this year. The GDT price index hasn’t seen a rise since May this year.

The fall in dairy prices is showing no signs of easing.

The Global Dairy Trade (GDT) price index hasn’t seen a rise since May this year.

The overnight GDT auction saw the price index fall 1.3% compared to the previous auction.

Whole milk powder price slid further, dropping 1.8% to US$2768/metric tonne.

Key results

AMF index down 0.6%, average price US$5,294/MT

Butter index down 0.1%, average price US$4,270/MT

BMP not offered

Ched index down 3.5%, average price US$3,503/MT

LAC index down 0.3%, average price US$910/MT

RenCas index up 1.7%, average price US$5,421/MT

SMP index down 1.1%, average price US$1,980/MT

SWP index not available, average price not available

WMP index down 1.8%, average price US$2,768/MT

More like this

Dairy demand on the rise

There is increasing evidence that dairy demand is on the upswing, according to Rabobank senior agricultural analyst Emma Higgins.

Dairy prices slip

Dairy prices pulled back a bit in the overnight Global Dairy Trade (GDT) auction and it’s mostly to do with New Zealand’s biggest market, China.

Optimism in the air

There is a feeling of optimism in the dairy industry, says Federated Farmers dairy section chair Richard McIntyre.

Featured

Sheep drench resistance costly

Analysis by Dunedin-based Techion New Zealand shows the cost of undetected drench resistance in sheep has exploded to an estimated $98 million a year.

Dairy sheep and goat turmoil

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.

Hurry up and slow down!

OPINION: We have good friends from way back who had lived in one of our major cities for many years.

National

Govt urged to reduce ETS units

The Climate Change Commission wants the new Government to reduce NZ Emissions Trading Scheme (ETS) auction volumes as son as…

Dairy sheep, goat woes mount

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand…

Machinery & Products

All-terrain fert spreading mode

Effluent specialists the Samson Group have developed a new double unloading system to help optimise uphill and downhill organic fertiliser…

Can-Am showcases range

Based on industry data collected by the Motor Industry Association, Can-Am is the number one side-by-side manufacturer in New Zealand.