Wednesday, 16 January 2019 08:28

Dairy prices lift

Written by Rural News Group

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The overnight GDT auction price index rose 4.2% compared to the previous auction.

Dairy prices are continuing their good run in 2019.

The overnight Global Dairy Trade (GDT) auction price index rose 4.2% compared to the previous auction.

The first auction of 2019 on January 2 was up 2.8%.

Whole milk powder price was up 3% overnight to US$2,777/MT.

Key results

AMF index up 3.2%, average price US$5,294/MT

Butter index up 4.6%, average price US$4,262/MT

BMP not offered

Ched index up 4.2%, average price US$3,504/MT

LAC index up 7.9%, average price US$1,032/MT

RenCas index down 1.4%, average price US$5,047/MT

SMP index up 10.3%, average price US$2,405/MT

SWP index not available, average price not available

WMP index up 3.0%, average price US$2,777/MT

Featured

Carrfields invests in new Ashburton R&D hub

The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.

Winston Peters calls Fonterra vote result 'utter madness'

New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.

Elite sheep dogs to go head-to-head at Ashburton A&P Show

A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.

Fewer bobby calves as dairy farmers shift to beef breeding

Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.

Low-footprint feed drives high-profit, low-emissions dairy

The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.

Farmlands returns to profit with strong FY25 result

Rural retailer Farmlands has reported a return to profitability, something the co-operative says shows clear progress in the second year of its five-year strategy.

National

Dairy farmers welcome NZ’s revised 2050 methane target

The Government's revised 2050 biogenic methane target range of 14-24% by 2050 is being welcomed by dairy farmers.

Distance education on the rise - Massey University

An increasing number of students are doing agricultural and horticultural degrees at Massey University by distance learning.

Fonterra executive named new Massey University vice chancellor

When Professor Pierre Venter takes up his new role as vice chancellor at Massey University next February it will just…

DairyBase and Farm Focus partner to provide benchmarking

Two rural data organisations - DairyNZ’s DairyBase and Farm Focus - have formed a new partnership that aims to remove…

BNZ launches First Farm initiative to support aspiring dairy farmers

BNZ says it is backing aspiring dairy farmers through an innovative new initiative that helps make the first step to farm…

Machinery & Products

Krone EasyCut B1250 fold

In 2024, German manufacturer Krone introduced the F400 Fold, a 4m wide disc front mower, featuring end modules that hinge…

Safer Farms issues safety alert on ATV rollovers when towing calf milk trailers

Rollovers of quad bikes or ATVs towing calf milk trailers have typically prompted a Safety Alert from Safer Farms, the…

Cheetah Electronics launches Rodent Shield to protect agricultural machinery from rodent damage

With the increased arrival of technology in modern agricultural machinery, it invariably means more wiring and electronic control modules. This brings…

Deutz-Fahr wins silver at Agritechnica 2025 for Tractor Assisted Guidance System (TAGS)

Deutz-Fahr has been awarded the prestigious silver medal at the upcoming Agritechnica 2025.

Taking the guesswork out of water usage, weighing

Although not a new concept, in-field animal weighing seems to be gaining traction by delivering live animal data without the need…

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