Buyers Push Dairy Prices Higher as GDT Index Jumps 24%
Buyers trying to secure supply are keeping dairy prices at elevated levels.
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
Troubled milk processor Synlait has lost its third chief executive in five years.
Westgold butter has been named New Zealand's tastiest in a blind tasting conducted by Consumer New Zealand.
A New Zealand agritech and dairy services group has big plans as it expands its dairy services footprint across dairy hygiene, data, and milk cooling with the purchase of nationwide refrigeration business Dairy Technology Services (DTS).
The 2026 Holstein Friesian sales season has already delivered outstanding results across New Zealand and Australia - including a new Australasian record.
OPINION: At a time when farmers are advocating for less government spending and no new taxes, the dairy sector is rightly concerned by ACT's new immigration policy.
Wool Impact and ASB have signed a new partnership with the bank set to provide financial backing to support the revitalisation of New Zealand's strong wool industry.