Wednesday, 16 September 2020 09:32

Dairy prices rise

Written by  Staff Reporters
The GDT auction price index rose 3.6% overnight. 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

More like this

Dairy prices slump

The overnight Global Dairy Trade (GDT) auction has delivered another disappointing result.

WMP price fall not unexpected — OCD

The country's second-largest milk processor says it isn’t surprised at the big drop in whole milk powder prices at the last Global Dairy Trade (GDT) auction.

Featured

 

Fonterra back in the black

Fonterra chief executive Miles Hurrell says 2019/20 was a good year for the co-op, with profit up, debt down and a strong milk price.

Strategy to reduce heifer mastitis

First calvers are more prone to mastitis than older cows. According to DairyNZ, farmers must choose a strategy that best suits their herd, farm team, and budget.

National

Live cattle exports in limbo

The fate of 28,000 cows in quarantine in New Zealand and supposedly destined for China in the coming weeks hangs…

Farm values down — REINZ

A floating and volatile situation – that’s how the Real Estate Institute of NZ rural spokesperson Brian Peacocke describes the…

Putting farmers first

The NZ agriculture sector is more than just a job for CRV Ambreed’s new managing director James Smallwood.

Graziers quitting!

Some Southland farmers who graze dairy cattle in winter say they will not do it next year.

Machinery & Products

Mowers get a makeover

Well known throughout New Zealand over the past 18 years, Pottinger has redesigned its rear-mounted Novadisc mowers to incorporate a…

Hardy spotlight

High quality, reliable lighting is essential for anyone involved in agriculture or the great outdoors.

Simmm twin water blasters

Italian made Simmm Power Cleaner 100/11 and Power Gun 100/11 single-phase (230 volt) electric water blasters are proving popular in…

OPD argument raging on

A stoush is brewing with the Federal Chamber of Automotive Industries (FCAI) heavily criticising Farmsafe Australia’s recent Safer Farm Report.

» Latest Print Issues Online

Milking It

Cows and earthquakes

OPINION: It has long been suggested that animals have senses that humans don’t, and often behave differently than usual shortly…

Battle is on

OPINION: One of Australia’s biggest dairy businesses is back on the market after the Federal Government knocked back a bid…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter