increase font size
The big gains in the GDT auction two weeks ago were mostly retained in last night’s auction.
Dairy farmers can breathe a sigh of relief this morning.
The big gains in the Global Dairy Trade auction two weeks ago were mostly retained in last night’s auction.
The GDT price index dropped slightly, by 0.7% to US$3,201/MT. Fonterra’s flagship product, whole milk powder lifted 0.6% to US$3,218/MT. In the previous auction WMP had jumped 14% and the price index rose 8.3%.
In last night’s auction butter was the biggest loser, with average price dropping 4.9% to US$3533/MT.
Key results
AMF index down 2.8%, average price US$3,870/MT
Butter index down 4.9%, average price US$3,533/MT
BMP not offered
Ched index up 0.6%, average price US$3,803/MT
LAC index down 2.5%, average price US$1,279/MT
SMP index down 0.5%, average price US$2,680/MT
SWP index not available, average price not available
WMP index up 0.6%, average price US$3,218/MT
Global Dairy Trade (GDT) and Arla Foods have announced that Arla will begin offering European-sourced skim milk powder (SMP) on GDT Pulse from May 2025 as part of an extension to the GDT Pulse pilot.
A significant rise in Global Dairy Trade (GDT) auction last week has prompted one bank to lift its forecast milk price for the season to above Fonterra's mid-point.
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.
The first Global Dairy Trade (GDT) auction drew mixed results, with drop in powder prices and lift in butter and cheeses.
Weaker milk production in the Northern Hemisphere is keeping dairy prices high.
Lydia Goodman has been crowned the Central Otago 2025 Young Grower of the Year regional winner.
Federated Farmers is calling on the Government to deliver on its pre-election promise to change the KiwiSaver rules to help young farmers get their foot on the farming ladder.
A breakthrough in the understanding of Facial Eczema (FE) in livestock could bring New Zealand closer to reducing the disease’s impact.
The Meat Industry Association (MIA) have announced the dates for the 2025 Red Meat Sector Conference.
A Massey University researcher and veterinarian says it may be possible to reduce the percentage of ewes culled or that die each year on some New Zealand farms.
As Budget 2025 looms, farmer lobby Federated Farmers is urging the Government to focus on cutting waste and balancing the books.
