increase font size
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
Global Dairy Trade (GDT) and Arla Foods have announced that Arla will begin offering European-sourced skim milk powder (SMP) on GDT Pulse from May 2025 as part of an extension to the GDT Pulse pilot.
A significant rise in Global Dairy Trade (GDT) auction last week has prompted one bank to lift its forecast milk price for the season to above Fonterra's mid-point.
Whole milk powder prices on Global Dairy Trade (GDT) remains above long run averages and a $10/kgMS milk price for the season remains on the card, says ASB senior economist Chris Tennent-Brown.
The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.
Weaker milk production in the Northern Hemisphere is keeping dairy prices high.
Healthcare appears to be the big winner in this year's budget as agriculture and environment miss out.
OPINION: Foreign policy is a real strength of Winston Peter and this is recognised by Ministry for Foreign Affairs and Trade (MFAT) officials who, so the story goes, wanted him in his present role because of his experience in that field.
DairyNZ subsidiary New Zealand Animal Evaluation (NZAEL) will update the genetic base used to calculate Breeding Worth (BW) next month.
Ruralco has donated $10,000 to the Mid Canterbury Rural Support Trust following a recent fundraising golf tournament.
Nominations are open for three positions on the Horticulture New Zealand (HortNZ) board.
Lydia Goodman has been crowned the Central Otago 2025 Young Grower of the Year regional winner.
