Wednesday, 07 September 2016 10:13

GDT up 7.7%

Written by Rural News Group

font size decrease font size increase font size
Print
Email

Global Dairy Trade Event 171 concluded overnight with the GDT price index up 7.7%

The average price was US$2920/MT with 131 winning bidders over 14 rounds.

The all-important whole milk powder index was up a more modest 3.7% with an average price of US$2793/MT.

Key results were:

AMF index up 15.4%, average price US$4,769/MT

Butter index up 14.9%, average price US$3,764/MT

BMP index up 6.8%, average price US$2,070/MT

Ched index up 9.0%, average price US$3,436/MT

LAC index up 2.0%, average price US$787/MT

RenCas index up 6.7%, average price US$6,720/MT

SMP index up 10.0%, average price US$2,224/MT

WMP index up 3.7%, average price US$2,793/MT

The next auction is overnight Tuesday, September 20 with result out Wednesday, September 21.

Featured

Carrfields invests in new Ashburton R&D hub

The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.

Winston Peters calls Fonterra vote result 'utter madness'

New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.

Elite sheep dogs to go head-to-head at Ashburton A&P Show

A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.

Fewer bobby calves as dairy farmers shift to beef breeding

Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.

Low-footprint feed drives high-profit, low-emissions dairy

The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.

Farmlands returns to profit with strong FY25 result

Rural retailer Farmlands has reported a return to profitability, something the co-operative says shows clear progress in the second year of its five-year strategy.

National

Dairy farmers welcome NZ’s revised 2050 methane target

The Government's revised 2050 biogenic methane target range of 14-24% by 2050 is being welcomed by dairy farmers.

Distance education on the rise - Massey University

An increasing number of students are doing agricultural and horticultural degrees at Massey University by distance learning.

Fonterra executive named new Massey University vice chancellor

When Professor Pierre Venter takes up his new role as vice chancellor at Massey University next February it will just…

DairyBase and Farm Focus partner to provide benchmarking

Two rural data organisations - DairyNZ’s DairyBase and Farm Focus - have formed a new partnership that aims to remove…

BNZ launches First Farm initiative to support aspiring dairy farmers

BNZ says it is backing aspiring dairy farmers through an innovative new initiative that helps make the first step to farm…

Machinery & Products

New pick-up for Reiter R10 merger

Building on experience gained during 10 years of making mergers/ windrowers, Austrian company Reiter has announced the secondgeneration pick-up on…

NH tractor powered by methane goes on sale

First unveiled in 2023, New Holland has announced the addition of the T7.270 Methane Power CNG (Compressed Natural Gas) tractor…

Krone EasyCut B1250 fold

In 2024, German manufacturer Krone introduced the F400 Fold, a 4m wide disc front mower, featuring end modules that hinge…

Safer Farms issues safety alert on ATV rollovers when towing calf milk trailers

Rollovers of quad bikes or ATVs towing calf milk trailers have typically prompted a Safety Alert from Safer Farms, the…

Cheetah Electronics launches Rodent Shield to protect agricultural machinery from rodent damage

With the increased arrival of technology in modern agricultural machinery, it invariably means more wiring and electronic control modules. This brings…

» Latest Print Issues Online

Visit archives

GDT up 7.7%

More like this

Middle East demand cushions global dairy price drop at latest GDT auction

Record $10/kgMS milk price forecast means extra cash for Fonterra farmers

NZ remains lowest-cost milk producer - report

$10 milk price still on

Chinese demand returns, sending prices soaring

Popular Reads

Fonterra to boost UHT cream production with $150m plant

Bold taste wins gold medal

Pamu and LIC to launch Synergizer

Divestment means Fonterra can focus on its strengths

Rising energy prices put NZ meat processing industry under pressure

Featured

Carrfields invests in new Ashburton R&D hub

Winston Peters calls Fonterra vote result 'utter madness'

Elite sheep dogs to go head-to-head at Ashburton A&P Show

Fewer bobby calves as dairy farmers shift to beef breeding

Low-footprint feed drives high-profit, low-emissions dairy

Farmlands returns to profit with strong FY25 result

National

Dairy farmers welcome NZ’s revised 2050 methane target

Distance education on the rise - Massey University

Fonterra executive named new Massey University vice chancellor

DairyBase and Farm Focus partner to provide benchmarking

BNZ launches First Farm initiative to support aspiring dairy farmers

Machinery & Products

New pick-up for Reiter R10 merger

NH tractor powered by methane goes on sale

Krone EasyCut B1250 fold

Safer Farms issues safety alert on ATV rollovers when towing calf milk trailers

Cheetah Electronics launches Rodent Shield to protect agricultural machinery from rodent damage

» Latest Print Issues Online

Milking It

Microplastics problem

Job cuts

» eNewsletter

GDT up 7.7%

More like this

» Latest Print Issues Online

» Connect with Dairy News

» eNewsletter