Editorial: Morale booster
OPINION: The first three Global Dairy Trade (GDT) auctions have been a morale booster for farmers.
Global dairy prices rose slightly in the overnight Global Dairy Trade (GDT) auction.
The GDT price index was up 2.7% compared to the previous auction.
Whole milk powder price rose 0.9% to US$3,311/MT; skim milk powder also rose, 3.6% to US$1913/MT.
Key Results
AMF index up 5.3%, average price US$6,120/MT
Butter index up 2.9%, average price US$5,654/MT
BMP not offered
Ched index up 4.6%, average price US$3,855/MT
LAC index up 14.8%, average price US$687/MT
RenCas index up 3.1%, average price US$5,792/MT
SMP index up 3.6%, average price US$1,913/MT
WMP index up 0.9%, average price US$3,311/MT
Agrisea NZ has appointed Craig Hudson as it's new chief growth officer.
State farmer Landcorp, trading as Pamu, is a forecasting a full-year net profit of around $100 million.
Tony Aitken, chief executive of Ruralco, has been awarded the Excellence in Business Leadership Award at the ANZ Business of the Year Awards.
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.