Wednesday, 19 October 2016 12:40

Dairy prices rebound

Written by Rural News Group

font size decrease font size increase font size
Print
Email

The GDT price index rose 1.4% at the latest auction.

Global dairy prices have risen in the latest Global Dairy Trade (GDT) auction overnight.

The flagship whole milk powder price index was up 2.9%, to US$2760/tonne.

The GDT price index rose 1.4% at the latest auction, following a 3% cent dip in the previous auction- which ended a run of price increases. WMP prices had dipped 3.8% in the previous auction.

The latest price rise could be attributed to supply concerns out of New Zealand; prolonged wet weather in the North Island is affecting milk production.

Key results

AMF index up 1.1%, average price US$5,007/MT

Butter index up 2.6%, average price US$3,984/MT

BMP index up 0.2%, average price US$2,583/MT

Ched index down 3.7%, average price US$3,290/MT

LAC index up 5.6%, average price US$780/MT

RenCas index down 4.5%, average price US$6,286/MT

SMP index down 0.3%, average price US$2,204/MT

WMP index up 2.9%, average price US$2,760/MT

Featured

Rural Industry Leaders Event Raises $400,000

New Zealand’s rural sector has once again demonstrated its generosity, with the second Rural Industry Leaders Dinner, Debate and Auction raising an impressive $400,000 for the Rural Support Trust.

Third Candidate Confirmed for Feds President Election

There has been another twist to the Federated Farmers annual election fiasco.

Good Farming Practices Proven to Reduce Nutrient Losses and Improve Water Quality

Analysis of decades of research has revealed the implementation of good farming practices plays a critical role in reducing nutrient losses to improve freshwater outcomes.

Responsible Dairy Programme Receives $45.85 Million Boost for Sector Growth

Yesterday the Government used the opening of Fieldays to announce a major investment, as part of its Land Use Flexibility package, to support a more productive and sustainable future across six sectors including dairy.

Dairy Farmers Urged to Strengthen Beef Partnerships

Dairy farmers need to be high quality partners to the beef industry, says Prem Maan, the co-founder and executive chairman of the dairy corporate Southern Pastures.

Waikato Medical School Clinical Training Regions Confirmed for 2028

The regions that will host clinical training for the University of Waikato's new medical school from 2028 have been confirmed, alongside a new nationwide approach to clinical placements for medical students.

National

Waikato Farmer Fined $56,000 Over Effluent Discharges

South Waikato farmer David Christensen was convicted and fined $56,000 for two unlawful discharges of dairy effluent following a prosecution taken…

Dairy Farm Operators Fined $66,500 Over Effluent Breaches

A contract milker and a dairy farm owner have been convicted and fined a combined $66,500 for the unlawful discharge of dairy shed effluent and stockfeed leachate into the…