Wednesday, 18 July 2018 10:02

Mixed result for GDT

Written by 
The GDT price index was down 1.7% over the previous auction. The GDT price index was down 1.7% over the previous auction.

The latest Global Dairy Trade (GDT) auction has delivered a mixed result.

The GDT price index was down 1.7% over the previous auction. However, whole milk powder price rose 1.5% to US$2973/MT.

Skim milk powder price also rose slightly, 0.8% to US$1959/MT.

Prices of other commodities dropped – butter was down 8% to US$4953/MT.

Key results

AMF index down 5.2%, average price US$5,629/MT

Butter index down 8.1%, average price US$4,953/MT

BMP index not available, average price US$2,225/MT

Ched index down 3.3%, average price US$3,596/MT

LAC index not available, average price not available

RenCas index down 9.5%, average price US$4,602/MT

SMP index up 0.8%, average price US$1,959/MT

SWP index not available, average price not available

WMP index up 1.5%, average price US$2,973/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.

Featured

An 'amaizing' season

It's been a bumper season for maize and other supplements in the eastern Bay of Plenty.

Leaders connect to plan continued tree planting

Leading farmers from around New Zealand connected to share environmental stories and inspiration and build relationships at the Dairy Environment Leaders (DEL) national forum in Wellington last month.

Planting natives for the future

Te Awamutu dairy farmers Doug, Penny, Josh and Bayley Storey have planted more than 25,000 native trees on the family farm, adding to a generations-old native forest.

Editorial: Time for a reset

OPINION: The Government's recent announcement that methane targets will be reviewed is bringing relief to farmers.

National

Frontline biosecurity 'untouchable'

Biosecurity Minister Andrew Hoggard has reiterated that 'frontline' biosecurity services within Ministry for Primary Industries (MPI) will not be cut…

Migrant farmer 'lets the side down'

An appalling case of migrant worker exploitation on a Southland farm isn't acceptable, says Federated Farmers dairy chair Richard McIntyre.

Machinery & Products

New name, new ideas

KGM New Zealand, is part of the London headquartered Inchcape Group, who increased its NZ presence in August 2023 with…

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

Plant-based bubble bursts

OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter