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The Global Dairy Trade price index was up marginally in the auction overnight with a gain of 0.9%.
The result was the sixth consecutive gain – but nowhere near the hefty 6.7% increase at the last auction two weeks ago.
Key product whole milk powder (WMP) was up just 0.3% to an average price of US$3022/MT.
There were 120 winning bidders from a field of 169 and 25,324MT of product was sold at an average price of US$3271/MT.
Key results
AMF index up 0.7%, average price US$5,620/MT
Butter index up 1.2%, average price US$4,495/MT
BMP not offered
Ched index up 2.9%, average price US$3,667/MT
LAC index down 2.9%, average price US$998/MT
RenCas index up 2.7%, average price US$5,740/MT
SMP index up 2.8%, average price US$2,580/MT
SWP index not available, average price not available
WMP index up 0.3%, average price US$3,022/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.
Tractor manufacturer and distributor Case IH has announced a new partnership with Meet the Need, the grassroots, farmer-led charity working to tackle food insecurity across New Zealand one meal at a time.
The DairyNZ Farmers Forum is back with three events - in Waikato, Canterbury and Southland.
To celebrate 25 years of the Hugh Williams Memorial Scholarship, Ravensdown caught up with past recipients to see where their careers have taken them, and what the future holds for the industry.
Among this year’s Primary Industry NZ (PINZ) Awards finalists are a Southlander who created edible bale netting and rural New Zealanders who advocate for pragmatic regulation and support stressed out farmers.
Rockit Global has appointed Ivan Angland as its new chief operating officer as it continues its growth strategy into 2025.
Nominations are now open for the Horticulture New Zealand (HortNZ) board.
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