Middle East demand cushions global dairy price drop at latest GDT auction
The upheaval in the Middle East may have eased the fall in global dairy prices last week.
Whole milk powder (WMP) price rose slightly in the overnight Global Dairy Trade (GDT) auction.
The 0.2% rise pushed WMP price to US$3226/metric tonne.
Skim milk powder rose 3%, reaching US$2047/MT.
The GDT price index was up 1.9% compared to the previous auction.
Key Results
AMF index up 5.8%, average price US$6,354/MT
Butter index up 2.4%, average price US$5,787/MT
BMP not offered
Ched index up 4.4%, average price US$4,205/MT
LAC index down 3.5%, average price US$687/MT
RenCas index down 6.1%, average price US$4,876/MT
SMP index up 3.0%, average price US$2,047/MT
SWP index not available, average price not available
WMP index up 0.2%, average price US$3,226/MT
Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.
OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.
Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.
Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.
Holstein Friesian excellence was front and centre at the 2025 Holstein Friesian NZ (HFNZ) Awards, held recently in Invercargill.
The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.
OPINION: Years of floods and low food prices have driven a dairy farm in England's northeast to stop milking its…
OPINION: An animal activist organisation is calling for an investigation into the use of dairy cows in sexuallly explicit content…