Wednesday, 03 April 2019 10:36

Ninth straight rise for GDT price index

Written by Rural News Group

font size decrease font size increase font size
Print
Email

GDT’s price index hasn’t seen a price drop since November last year.

The Global Dairy Trade (GDT) price index has risen for the ninth consecutive time.

Last night’s GDT auction saw the price index rise 0.8% to UIS$3483/metric tonne. GDT’s price index hasn’t seen a price drop since November last year.

A decline in milk production among key producing global regions is keeping prices up.

However, the flagship whole milk powder price was down 1.35 to US$3287/MT.

Butter prices saw another big jump- 5.8% to US$5374/MT. Skimmed milk powder was up 1.8%.

Key results

AMF index up 3.7%, average price US$5,867/MT

Butter index up 5.8%, average price US$5,374/MT

BMP index up 5.0%, average price US$3,548/MT

Ched index up 3.2%, average price US$4,248/MT

LAC index down 5.3%, average price US$948/MT

RenCas index up 7.5%, average price US$6,703/MT

SMP index up 1.8%, average price US$2,468/MT

SWP index not available, average price not available

WMP index down 1.3%, average price US$3,287/MT

Featured

Fonterra’s $3.2b capital return to farmers set to boost rural incomes and NZ economy

According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.

$2b boost in NZ exports to EU

New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.

US tariffs hit European ag machinery markets

The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.

Tributes paid to Jim Bolger

Dignitaries from all walks of life – the governor general, politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.

Todd McClay urges farmers to prioritise safety amid storm

Agriculture and Forestry Minister, Todd McClay is encouraging farmers, growers, and foresters not to take unnecessary risks, asking that they heed weather warnings today.

Time for a viable dairy-beef system - RaboResearch

With nearly two million underutilised dairy calves born annually and the beef price outlook strong, New Zealand’s opportunity to build a scalable dairy-beef system is now.

National

Leah Prankerd: A passion for dairying and farmer support

It was love that first led Leah Prankerd to dairying.

From Calf Shows to Semex NZ: Rachel Cox’s dairy journey

When I interview Rachel Cox, she is driving - on her way to her next meeting.

Fonterra to boost UHT cream production with $150m plant

With Fonterra's UHT plant at its Edendale site less than a year from completion, demand continues to grow for products…

New scholarship to grow female leaders in dairy

A new $50,000 scholarship fund designed to support and empower women in the New Zealand dairy industry through leadership development…

High dairy payouts fuel record milk production across NZ

Many farmers around the country are taking advantage of the high dairy payout to get maximum production out of their cows.

Machinery & Products

Cheetah Electronics launches Rodent Shield to protect agricultural machinery from rodent damage

With the increased arrival of technology in modern agricultural machinery, it invariably means more wiring and electronic control modules. This brings…