Saturday, 24 December 2016 10:40

Global dairy prices dip

Written by 

After four successive price increases, global dairy prices dipped slightly in Global Dairy Trade auction overnight.

The GDT price index was down 0.5%; whole milk powder prices dipped 0.8% to US$3568/tonne.

The slight drop in prices is not expected to impact forecast milk payouts announced by Fonterra and other independent processors.

Some 22,321 tonnes of product was sold last night, down from 22,472 tonnes at the previous auction.

Key results

AMF index down 2.3%, average price US$5,367/MT

Butter index up 0.5%, average price US$4,290/MT

BMP index up 3.1%, average price US$2,874/MT

Ched index up 1.9%, average price US$3,826/MT

LAC index down 1.6%, average price US$857/MT

RenCas index up 3.3%, average price US$6,473/MT

SMP index unchanged, average price US$2,621/MT

WMP index down 0.8%, average price US$3,568/MT

More like this

Dairy demand on the rise

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

Dairy prices slip

Dairy prices pulled back a bit in the overnight Global Dairy Trade (GDT) auction and it’s mostly to do with New Zealand’s biggest market, China.

Optimism in the air

There is a feeling of optimism in the dairy industry, says Federated Farmers dairy section chair Richard McIntyre.

Featured

Dairy sheep and goat turmoil

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.

Hurry up and slow down!

OPINION: We have good friends from way back who had lived in one of our major cities for many years.

Editorial: Passage to India

OPINION: Even before the National-led coalition came into power, India was very much at the fore of its trade agenda.

National

Govt urged to reduce ETS units

The Climate Change Commission wants the new Government to reduce NZ Emissions Trading Scheme (ETS) auction volumes as son as…

Dairy sheep, goat woes mount

Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand…

Machinery & Products

All-terrain fert spreading mode

Effluent specialists the Samson Group have developed a new double unloading system to help optimise uphill and downhill organic fertiliser…

Can-Am showcases range

Based on industry data collected by the Motor Industry Association, Can-Am is the number one side-by-side manufacturer in New Zealand.

» Latest Print Issues Online

Milking It

Papal visit

OPINION: European farmers are going to extreme lengths to have their message heard.

Thai egg tarts

OPINION: The hustle and bustle of one of Bangkok's most popular fast food outlets may feel a world away from…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter