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

Featured

Editorial: Wool's Back in the Black

OPINION: Confidence in the wool sector is rebounding as prices hit levels not seen in more than 15 years.

Queenstown to Host Sold-Out New Zealand Apple and Pear Conference

More than 300 growers, exporters, researchers, service providers and industry leaders will descend on Queenstown later this month for EXPO 2026, the annual conference for New Zealand’s apple and pear sector.

Record Kiwifruit Harvest Brings Optimism, but Green Growers Face Profitability Challenges

Signs for the 2026-27 kiwifruit crop look good, but there are still some challenges for growers – especially those who produce green kiwifruit.

Rabobank AgPathways Programme Helps Young Farmers Build Business Skills in Whanganui

37 farmers from across the Rangitīkei and Manawatū regions recently spent a day-and-a-half learning new business management and planning skills at Rabobank’s latest AgPathways Programmes in Whanganui.

Seven New Zealand Catchment Groups Awarded Westpac Water Care Grants for 2026

Seven catchment groups across New Zealand have been awarded $10,000 grants as part of the Westpac Water Care Project.

Equine Vets Urge Vigilance as Strangles Outbreak Hits North Island Horse Properties

Equine veterinarians say horse owners need to stay alert and communicate with their vets following an outbreak of the highly contagious bacterial disease Strangles in the North Island.