Wednesday, 06 December 2017 09:48

GDT price falls halted

Written by Rural News Group

font size decrease font size increase font size
Print
Email

The GDT auction has broken its run of consecutive price drops.

The Global Dairy Trade (GDT) auction has broken its run of consecutive price drops.

After four consecutive drops at previous auctions the GDT price index rose 0.4% in the overnight auction.

The flagship whole milk powder prices rose 1.7% over the previous auction to US$2830/metric tonne.

Butter prices saw an 11% drop to US$4575/mt.

Key Results

AMF index down 0.6%, average price US$6,836/MT

Butter index down 11.1%, average price US$4,575/MT

BMP index up 4.3%, average price US$1,957/MT

Ched index down 3.9%, average price US$3,696/MT

LAC index not available, average price not available

RenCas index up 3.4%, average price US$4,879/MT

SMP index up 4.7%, average price US$1,774/MT

WMP index up 1.7%, average price US$2,830/MT

More like this

Editorial: Punching Above Our Weight

Editorial: Punching Above Our Weight

OPINION: With 10,500 dairy farms, New Zealand continues to punch above its weight around the world.

Milk Glut Drags Fonterra Forecast Down to $9.20/kgMS

Milk Glut Drags Fonterra Forecast Down to $9.20/kgMS

A milk glut around the world shows no sign of easing, putting downward pressure on farmgate milk prices for the next few months.

Fonterra Cuts 2026/27 Milk Price Forecast to $9.25

Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.

Czarnikow Launches Digital Milk Pricing Tool in NZ

New Zealand dairy farmers are set to be the first in the world to receive access to a new digital physical milk pricing tool that enables them to fix the price for their physical milk.

Buyers Push Dairy Prices Higher as GDT Index Jumps 24%

Buyers trying to secure supply are keeping dairy prices at elevated levels.

Popular Reads

How a Scholarship Helped Build a 1400-Cow Taranaki Farm

On a farm in Tikorangi, North Taranaki, Brent Stevenson is sharemilking 1,400 cows.

NZ Confirmed as World's Largest Single-Country Dairy Exporter in 2026 Report

A team effort that is paying dividends for the wider New Zealand economy.

South Waikato Farmer Cuts Nitrogen With Soil Biology Trial

South Waikato farmer Bas Nelis is always interested in fine-tuning his business to improve results.

Milk Glut Drags Fonterra Forecast Down to $9.20/kgMS

A milk glut around the world shows no sign of easing, putting downward pressure on farmgate milk prices for the…

The Banker Who Still Farms: Cameron Reed's Two Worlds

Cameron Reed lives between two worlds.

Featured

Editorial: Hunting Policy Misses The Mark

OPINION: As the general election approaches, political parties are churning out policies in the hope of attracting more votes.

Timaru-Bred Bull Takes Out 2026 Mahoe Trophy

An LIC bull, Tronnoco AR Sadio-ET S3F, bred by Tony and Keri O'Connor of Tronnoco Farming Co Ltd near Timaru, has won the 2026 Mahoe Trophy.

Ballance Urges Farmers to Plan Ahead for El Niño

With forecasters advising El Niño conditions will develop through winter and strengthen into spring and summer, Ballance Agri-Nutrients is encouraging farmers and growers to think ahead about nutrient planning and be prepared to work around challenging weather conditions.

Why 'Fork to Farm' Beats Farm to Fork, Expert Says

In the past, much has been made of the concept of farm to fork, but an Australian expert in food science and marketing with experience in the dairy industry, Dr Angeline Achariya, says the reverse of this slogan is critical to win modern day consumers.

George Dodson on Efficiency and Low-Cost Dairy Farming

Efficiency is the big one because it tracks back into what is done on farm.

Four-Year Trial Confirms Plantain Cuts N Losses 33%

A four year trial has reaffirmed that mixing plantain into dairy pastures can help reduce nitrogen losses to freshwater while maintaining milk production and profitability, say researchers.

National

Stephen Allen to Step Down as Tatua Chair After 23 Years

Tatua chair Stephen Allen says he leaves the co-op with a deep sense of gratitude for the people who have…

New Dairy Holdings CEO Backs Self-Contained Model

Running a tight and self-contained ship is the key to the success of the country's largest dairy farmer, says Blair…

Federated Farmers President Colin Hurst Adds Dairy Farm

Federated Farmers president Colin Hurst and his family raised a glass of milk last week to toast the start of…

Tatua Chair Stephen Allen Retires After 30 Years of Service

Tatua Co-operative Dairy Company has confirmed that chair and director Stephen Allen will retire at the co-operative's annual general meeting…

Southern Dairy Hub Appoints Greg Delaney as Acting General Manager

The Southern Dairy Hub (SDH), which runs a demonstration farm for South Island farmers, has a new general manager.

Machinery & Products

25 Years of John Deere Automated Guidance: A Precision Ag Timeline

This year marks the 25th anniversary of John Deere moving into automated guidance.

Lemken Saphir XMR: New Mechanical Seed Drill Replaces Saphir 10m

The new Lemken Saphir XMR mechanical seed drill has been introduced as the successor to the proven Saphir 10m with…

Krone Enters Merger Market With First Belt Model, the Swativo T1040 Pro

Already known for its extensive range of mowers, tedders and swathers, German manufacture Krone looks to be joining the trend…

Evaluating Tech Providers Beyond The Product

As the dust settles after Fieldays, we're once again reminded of the sheer volume of technology now available to New…

VatGuard: The Kiwi-Made Fix for Milk Vat Contamination

The greatest nightmare for any dairy farmer is the fear of contaminating the milk vat, either with milk from a…

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

Milking It

Domestic Focus

OPINION: After hogging the media limelight for telling a NZ Chinese MP to "go back home", Winston Peters has decided…

A No-Brainer

OPINION: With fuel prices soaring, one would have expected most farmers to be reclaiming excise duty on petrol.

» eNewsletter