Wednesday, 07 September 2016 10:13

GDT up 7.7%

Written by 
GDT up 7.7%

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.

More like this

$10 milk price still on

$10 milk price still on

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.

Popular Reads

back to top

Featured

NZEI unhappy with funding cut for teachers

NZEI unhappy with funding cut for teachers

Education union NZEI Te Riu Roa says that while educators will support the Government’s investment in learning support, they’re likely to be disappointed that it has been paid for by defunding expert teachers.

EU regulations unfairly threaten $200m exports

A European Union regulation ensuring that the products its citizens consume do not contribute to deforestation or forest degradation worldwide threatens $200m of New Zealand beef and leather exports.

Bionic Plus back on vet clinic shelves

A long-acting, controlled- release capsule designed to protect ewes from internal parasites during the lambing period is back on the market following a comprehensive reassessment.

National

Top ag scientist to advise PM

A highly experienced agricultural scientist with specialist knowledge of the dairy sector is the Prime Minister's new Chief Science Advisor.

Machinery & Products

Hose runner saves time and effort

Hose runner saves time and effort

Rakaia-based equipment manufacturer Pluck’s Engineering will soon start production of a new machine designed to simplify the deployment and retrieval…

» Latest Print Issues Online

dairynewscover
ruralnewscover
winegrowercover

Visit archives

Milking It

Science fiction

OPINION: Last week's announcement of Prime Minister’s new Science and Technology Advisory Council hasn’t gone down too well in the…

Bye bye Paris?

OPINION: At its recent annual general meeting, Federated Farmers’ Auckland province called for New Zealand to withdraw from the Paris…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter