Wednesday, 06 March 2019 09:00

Dairy’s golden run

font size decrease font size increase font size

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

HortNZ levy vote referendum looms

The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.

Meat co-op seeks capital from farmer shareholders

Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.

Vaccinate against new lepto strain

A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.

Global demand remains sluggish

Dairy

TV series to combat food waste

Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.

Chorus backs need for rural high speed internet

Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.

National

Ahuwhenua Trophy finalists showcase farms

In a few weeks the winner of the prestigious Ahuwhenua Trophy for the top Māori dairy farm will be revealed…

Cheesemakers may need new cheese names under FTA

The owner of an award-winning cheese producer says the Government’s free trade agreement (FTA) with the European Union (EU) has…

Protect productivity from red tape

Productive industries shouldn’t be strangled in red tape, they need to be able to operate and grow, using technology to…

Profit focus falls off the radar

The dairy industry has lost its mojo in the last six or seven years, according to a leading dairy farmer,…

Frontline biosecurity 'untouchable'

Biosecurity Minister Andrew Hoggard has reiterated that 'frontline' biosecurity services within Ministry for Primary Industries (MPI) will not be cut…