Wednesday, 06 June 2018 09:22

Dairy prices slip

Written by 
The GDT price index was down 1.3%. The GDT price index was down 1.3%.

The new season’s first Global Dairy Trade (GDT) event saw prices dip slightly.

The GDT price index was down 1.3%.

Whole milk powder price dropped 1.1% to US$3205/MT.

Butter price dropped 3.5% to US$5581/MT.

Key Results

AMF index down 1.7%, average price US$6,222/MT

Butter index down 3.5%, average price US$5,581/MT

BMP index up 17.7%, average price US$2,314/MT

Ched index down 3.6%, average price US$3,998/MT

LAC index up 3.9%, average price US$714/MT

RenCas index up 2.7%, average price US$5,015/MT

SMP index up 0.3%, average price US$2,051/MT

SWP index not available, average price not available

WMP index down 1.1%, average price US$3,205/MT

More like this

Returns lift, costs down - DairyNZ

The outlook for dairy farmers this season has improved, especially when compared to forecasts only six months ago, according to DairyNZ.

Dairy demand on the rise

There is increasing evidence that dairy demand is on the upswing, according to Rabobank senior agricultural analyst Emma Higgins.

Featured

Young farmers shine at regional finals

Grand Finalists have been selected, all regional finals have concluded, and the journey towards the FMG Young Farmer of the Year Grand Final is underway.

Still a slow boat to China!

Hopes of NZ sheepmeat prices picking up anytime soon in the country's key export market of China looks highly unlikely.

National

Frontline biosecurity 'untouchable'

Biosecurity Minister Andrew Hoggard has reiterated that 'frontline' biosecurity services within Ministry for Primary Industries (MPI) will not be cut…

Machinery & Products

New name, new ideas

KGM New Zealand, is part of the London headquartered Inchcape Group, who increased its NZ presence in August 2023 with…

All-terrain fert spreading mode

Effluent specialists the Samson Group have developed a new double unloading system to help optimise uphill and downhill organic fertiliser…

» Latest Print Issues Online

Milking It

Plant-based bubble bursts

OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter