Wednesday, 18 December 2019 09:28

Dairy prices tumble

Written by  Staff Reporters

Global dairy prices have recorded one of their biggest drops on the Global Dairy Trade (GDT) platform.

Last night’s auction saw the GDT Price Index drop 5.1%, compared to the previous auction.

However, the biggest concern will be the massive drop in whole milk powder prices: down 6.7% to US$3099/MT.

Key results

AMF index down 0.3%, average price US$4,866/MT

Butter index down 2.4%, average price US$3,886/MT

BMP not offered

Ched index up 1.7%, average price US$3,869/MT

LAC index up 0.6%, average price US$787/MT

RenCas index up 2.6%, average price US$8,260/MT

SMP index down 6.3%, average price US$2,867/MT

SWP index not available, average price not available

WMP index down 6.7%, average price US$3,099/MT


More like this

$7-plus still on the cards

Despite four consecutive drops in Global Dairy Trade (GDT) prices, analysts are sticking with a payout of around $7.20/kgMS for this season.

Is China back?

There was a silver lining to the fourth straight drop in global dairy prices last week: demand in China is recovering.

Dairy fundamentals looking good

Independent economist Cameron Bagrie says dairy fundamentals are looking pretty good, despite the GDT dropping in the past three auctions.


Winning comes easy

The 2020 Hawkes Bay/Wairarapa Dairy Industry Awards Share Farmer of the Year winners Nick and Rose Bertram are no strangers to success.


Raw milk supplier ploughs on

It's business as usual for Timaru raw milk suppliers Stuart and Andrea Weir as the country is in total COVID-19 lockdown.

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Vegan milk service hits UK

OPINION: In March, the first national dairy-free milk delivery service will be coming to British doorsteps, a clear sign that…

Red seaweed 

Farmers in Australia are experimenting with adding seaweed to cattle feed in order to stop cows producing as much methane.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter