Buyers Push Dairy Prices Higher as GDT Index Jumps 24%
Buyers trying to secure supply are keeping dairy prices at elevated levels.
Global dairy prices dipped slightly in the overnight Global Dairy Trade (GDT) auction.
The GDT price index was down 0.4% compared to the previous auction, with key product whole milk powder down 0.8%, SMP up 0.7%, and butter unchanged.
Key results
AMF index down 1.5%, average price US$4,988/MT
Butter index unchanged, average price US$4,029/MT
BMP index up 3.4%, average price US$2,476/MT
Ched index down 0.8%, average price US$3,827/MT
LAC index down 0.9%, average price US$729/MT
RenCas index up 4.6%, average price US$6,632/MT
SMP index up 0.7%, average price US$2,500/MT
SWP index not available, average price not available
WMP index down 0.8%, average price US$3,076/MT
Cyclone Vaianu is continuing its track south towards the Bay of Plenty, bringing with it destructive winds, heavy rain, and large swells, says Metservice.
While Cyclone Vaianu remains off the East Coast of New Zealand, the Waikato Civil Defence Emergency Management (CDEM) Group says impacts have been felt overnight.
A Local State of Emergency has been declared for the Waikato for a period of seven days as the region prepares for Cyclone Vaianu to hit the area.
Farmers will get an opportunity to hear about the latest developments in sheep genetics at the Sheep Breeder Forum this May.
Specialist horticulture and viticulture weather forecasters Metris says the incoming Cyclone Vaianu is likely to impact growers across the country.
A group of old Otago uni mates with a love of South Island back-country have gone the lengths of Waiau Toa Clarence from source to sea. Tim Fulton, who joined the group in the final fun to the river mouth, tells their story.
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