Wednesday, 16 September 2020 09:32

Dairy prices rise

Written by Staff Reporters

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The GDT auction price index rose 3.6% overnight.

Global dairy prices have risen for the first time in two months.

Last night’s Global Dairy Trade (GDT) auction price index rose 3.6% to an average price of US$3092/metric tonne.

The all-important whole milk powder price rose 3.2% to US$2985/MT.

Skim milk powder was one of the big gainers; average price rose 8.4% to US$2889/MT.

Key results

AMF index up 2.0%, average price US$3,910/MT

Butter index down 1.4%, average price US$3,282/MT

BMP not offered

Ched index up 7.2%, average price US$3,674/MT

LAC index down 2.7%, average price US$1,277/MT

SMP index up 8.4%, average price US$2,889/MT

SWP index not available, average price not available

WMP index up 3.2%, average price US$2,985/MT

Featured

Meyer Cheese invests $3.5 million in state-of-the-art Waikato facility

Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.

Editorial: Sensible move

OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.

DairyNZ and Beef + Lamb NZ wrap up M. bovis compensation support after $161M in claims

Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.

Farmers win as government scraps proposed Fringe Benefit Tax on utes

Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.

Top breeders and cows honoured at 2025 Holstein Friesian NZ Awards in Invercargill

Holstein Friesian excellence was front and centre at the 2025 Holstein Friesian NZ (HFNZ) Awards, held recently in Invercargill.

Data sharing initiative wins national award for saving farmers time

The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.

National

Karl Dean elected new Federated Farmers dairy chair, focuses on sector's future

New Federated Farmers national dairy chair Karl Dean is looking forward to tackling the issues facing the sector.

DairyNZ lifts breakeven milk price forecast to $8.68 for 2025/26 season

According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the…

Fonterra Whareroa sets cheese record, wins top award

Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual…

New pasture guide launched to support farmers in a changing climate

A new publication has been launched that offers a comprehensive and up-to-date resource on commercially available grazing pasture species in…

Hoggard slams outdated farm regulations

"We're trying to get to the promised land but we're still in a bit of a swamp at the moment."

Machinery & Products

Innovation takes centre stage at Fieldays 2025 awards event

Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most…

Mud, Rain, and Roaring Engines: 50th Fieldays Tractor Pull thrills crowds despite weather

Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds…

Wrapped Silage Bales: Convenient feed storage with a mounting plastic problem

Wrapped bales arrived in the 1980s offering a viable alternative to clamp silage, and they remain a solution for those…

McKee Plastics celebrates 50 years of innovation at Fieldays 2025

Celebrating 50 years of being in business in 2025 and specialising in the design and manufacture of an extensive range…

John Deere upgrades round baler line with ISOBUS integration and smarter features

John Deere have recently announced upgrades to its round baler offerings, with all models of this latest generation equipped with…

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