Wednesday, 17 February 2021 08:44

Dairy's golden run continues

Written by Sudesh Kissun

The most recent GDT event saw the price index rise 3%.

Global dairy prices have continued their golden run, with the Global Dairy Trade auction recording its seventh consecutive rise in the price index.

Last night’s GDT event saw the price index rise 3%. Since November last year, the price index has gained over 20%.

GDT’s flagship products- whole milk powder prices continue to rise with last night’s auction recording a 4.3% lift to US$3615/metric tonne.

WMP prices are at levels not seen since December 2016, when it reached US$3593/MT.

Key Results

AMF index up 1.1%, average price US$5,527/MT

Butter index up 2.0%, average price US$5,129/MT

BMP not offered

Ched index up 2.4%, average price US$4,268/MT

LAC index up 0.4%, average price US$1,232/MT

SMP index up 0.3%, average price US$3,207/MT

SWP not offered

WMP index up 4.3%, average price US$3,615/MT

Reducing cow numbers isn’t the ‘silver bullet’ to lowering greenhouse gas emissions in New Zealand, says Northland farmer and entrepreneur…

Incomplete deliveries and logistics disruptions were common issues for the 300 bidders on Global Dairy Trade auctions last year.

The Lincoln University Demonstration Dairy Farm (LUDF) is looking to cut staff numbers as it adopts a new “lean” system…

China's appetite for liquid milk is growing and New Zealand exporters look set to benefit.

The Climate Change Commission is allowing more time for public submissions on its draft advice to the Government.

A new ultra-compact wheeled loader from JCB offers double the power of the current model.

Recently released in Europe, with expected delivery yet to be confirmed for New Zealand, the new Valtra A series tractors…

They say beauty is in the eye of the beholder.

Obviously not wishing to get left behind by some of its competitors, Italian manufacturer Merlo is planning to add to…

Kubota New Zealand’s new RTV520 claims to set a higher standard in performance and comfort for drivers.