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The Global Dairy Trade (GDT) auction overnight delivered its third consecutive positive result.
Average prices were up 1.9% compared to the previous auction.
Whole milk powder prices lifted 2.2% to US$2829/metric tonne.
Key results
AMF index up 0.8%, average price US$3,993/MT
Butter index down 1.0%, average price US$3,597/MT
BMP not offered
Ched index up 1.4%, average price US$3,631/MT
LAC index up 0.4%, average price US$1,290/MT
SMP index up 3.1%, average price US$2,609/MT
SWP index not available, average price not available
WMP index up 2.2%, average price US$2,829/MT
Global dairy prices are on a roll, recording a fourth consecutive jump on the Global Dairy Trade (GDT) auction this year.
OPINION: The first three Global Dairy Trade (GDT) auctions have been a morale booster for farmers.
A solid recovery of global dairy prices this year makes a $9.50/kgMS milk price almost a shoo-in for this season.
The latest Global Dairy Trade auction results have delivered a boost to dairy farmers.
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DairyNZ's chief executive Campbell Parker says the 2024/25 dairy season reinforces the importance of the dairy sector to New Zealand.
A New Zealand agribusiness helping to turn a long-standing animal welfare and waste issue into a high-value protein stream has won the Australian dairy sector's top innovator award.
OPINION: A bumper season all around.
Dairy Women's Network (DWN) has announced that Taranaki dairy farmer Nicola Bryant will join its Trust Board as an Associate Trustee.
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