Wednesday, 06 March 2019 09:00

Dairy’s golden run

Written by Rural News Group

font size decrease font size increase font size
Print
Email

The GDT price index rose 3.3% last night.

Global dairy prices are continuing their golden run, with the Global Dairy Trade (GDT) price index posting its seventh consecutive rise overnight.

The GDT price index rose 3.3% last night, compared to the last auction.

Last night’s GDT event also saw whole milk powder prise rise 6% to US$3186/metric tonne.

Butter price has also seen its seventh consecutive lift, rising to US$4657/MT.

Key results

AMF index up 3.9%, average price US$5,837/MT

Butter index up 3.7%, average price US$4,657/MT

BMP index up 11.0%, average price US$3,480/MT

Ched index up 6.0%, average price US$3,888/MT

LAC index up 0.6%, average price US$1,009/MT

RenCas index down 0.1%, average price US$5,649/MT

SMP index down 4.3%, average price US$2,462/MT

SWP index not available, average price not available

WMP index up 6.0%, average price US$3,186/MT

More like this

Dairy prices defy ample supply as market momentum builds

Dairy prices defy ample supply as market momentum builds

Global dairy prices continue to rise despite ample supply from key milk producing countries including New Zealand.

Editorial: Happy days

Editorial: Happy days

OPINION: The year has started positively for New Zealand dairy farmers and things are likely to get better.

Dairy farmers well positioned despite global milk price volatility

Dairy farmers are still in a good place despite volatile global milk prices.

Glut in global milk supply keeping prices down

The final Global Dairy Trade (GDT) auction has delivered bad news for dairy farmers.

When will global milk production hit a tipping point?

With global milk prices falling, the question is when will key exporting countries reach a tipping point where production starts to dip.

Popular Reads

Environment Canterbury urges buyers to check wastewater systems on rural properties

Buying or building a rural or semi-rural property? Make sure you know where the wastewater goes, says Environment Canterbury.

Formula goes sour

OPINION: Media reports say global recalls tied to cereulide toxin contamination in milk-based nutrition brands could inflict combined financial losses…

Fonterra confirms timeline for Lactalis deal and $2-per-share capital return

The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.

China’s new beef tariffs expected to favour New Zealand exporters

Additional tariffs introduced by the Chinese Government last month on beef imports should favour New Zealand farmers and exporters.

Southland enters status 2 water shortage amid dry conditions

While the North Island is inundated with rain, Southland is facing receding water levels as warm weather and lack of rainfall…

Featured

Williams sisters make youth camp history with Paramount Cup win

The World Wide Sires National All Day Breeds Best Youth Camp Best All Rounder plaudit has become family affair, with 2026 Paramount Cup winner Holly Williams following in her sister Zara's footsteps.

DairyNZ opens applications for associate director role

DairyNZ is giving New Zealand farmers a unique opportunity to gain hands-on governance and leadership experience within the dairy sector.

LIC lifts half-year revenue on strong demand for dairy genetics

Herd improvement company LIC has posted a 5.2% lift in half-year revenue, thanks to increasing demand for genetics.

2026 fresh produce trends shaping Kiwi food culture

According to the latest Fresh Produce Trend Report from United Fresh, 2026 will be a year where fruit and vegetables are shaped by cost pressures, rapid digital adoption, and a renewed focus on wellbeing at home.

How to prepare safely for the Roar in 2026

The Roar is a highlight of the game hunting calendar in New Zealand, with thousands of hunters set to head for the hills to hunt male stags during March and April.

Editorial: Having a rural voice

OPINION: The past few weeks have been tough on farms across the North Island: floods and storms have caused damage and disruption to families and businesses.

National

Fonterra expands butter production at Clandeboye with $75m investment

Fonterra is boosting its butter production capacity to meet growing demand.

Upper North Island Storms: Limited impact on dairy farms

For the most part, dairy farmers in the Waikato, Bay of Plenty, Tairawhiti and the Manawatu appear to have not…

South Island dairy production lifts despite stormy summer, feed risks loom

South Island dairy production is up on last year despite an unusually wet, dull and stormy summer, says DairyNZ lower…

Ray Smith: Dairy still has growth potential despite flat export outlook

Ministry for Primary Industries (MPI) Director General Ray Smith believes there is potential for an increase in dairy farming in…

Nathan Guy to represent New Zealand’s agricultural exports as special envoy

New Zealand's new Special Agricultural Trade Envoy, Horowhenua dairy farmer, company director and former Minister of Agriculture, Nathan Guy says…

Machinery & Products

Stihl unveils centennial MS 500i chainsaw

Most rural properties wouldn’t be without a chainsaw, so it’s fitting to celebrate the centenary of Andreas Stihl inventing the…

New Deutz-Fahr 5105 boosts power for Kiwi livestock farms

With ROPS tractors still being consistently popular in livestock operations, given their ease of use for hopping on and off…

John Deere showcases 130hp E-Power electric tractor prototype at Agritechnica

Easily missed on its expansive Agritechnica site, John Deere offered visitors to the bi-annual event, the first opportunity in Europe to…

Exceed two-wheeled farm motorcycles enter NZ market

In a market already well supplied with agricultural spec’ two-wheeled motorcycles, a new arrival with an aggressive price point is sure…

Merlo Hypercompact Telehandler built for 3500kg towing

Given that most countries who favour the humble ute have maximum braked towing limits of 3500kg, those seeking to use mobile…

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

Milking It

Battle for milk

OPINION: Fonterra may be on the verge of selling its consumer business in New Zealand, but the co-operative is not…

Birth woes

OPINION: What does the birth rate in China have to do with stock trading? Just ask a2 Milk Company.

» eNewsletter