fbpx
Print this page
Wednesday, 06 December 2017 09:48

GDT price falls halted

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

Returns lift, costs down - DairyNZ

The outlook for dairy farmers this season has improved, especially when compared to forecasts only six months ago, according to DairyNZ.

Dairy demand on the rise

There is increasing evidence that dairy demand is on the upswing, according to Rabobank senior agricultural analyst Emma Higgins.

Popular Reads

Milk price certainty

Westland Milk has reaffirmed its commitment to pay farmer suppliers 10c above Fonterra farm gate milk price for the following…

Farmers fined for cattle abuse

A Waikato cattle farming family have been fined $23,000 for failing to provide sufficient food and care for their animals,…

Featured

National

Green but not much grass!

Green but not much grass!

Dairy farmers in the lower North Island are working on protecting next season, according to Federated Farmers dairy chair Richard…

Council lifeline for A&P Show

Christchurch City Council and the Canterbury Agricultural and Pastoral Association (CAPA) have signed an agreement which will open more of…

Struggling? Give us a call

ASB head of rural banking Aidan Gent is encouraging farmers to speak to their banks when they are struggling.

Machinery & Products

Tractor, harvester IT comes of age

Tractor, harvester IT comes of age

Over the last halfdecade, digital technology has appeared to be the “must-have” for tractor and machinery companies, who believe that…