Wednesday, 08 September 2021 08:34

Solid gains in milk powder prices

Written by  Sudesh Kissun
The whole milk powder price 3.3% at last night's GDT auction. The whole milk powder price 3.3% at last night's GDT auction.

Dairy prices on the overnight Global Dairy Trade (GDT) auction recorded their biggest gains in six months.

The GDT price index rose 4%, its biggest jump since March when it soared 15%.

Whole milk powder price rose 3.3% to US$3691/metric tonne, its biggest rise since gaining 21% in March.

Skim milk powder also recorded a big jump; rising 7.3% to US$3274/MT.

Key Results

AMF index up 3.1%, average price US$5,970/MT
Butter index up 3.7%, average price US$4,948/MT
BMP index up 3.0%, average price US$3,287/MT
Ched index up 3.6%, average price US$4,328/MT
LAC index up 6.4%, average price US$1,167/MT
SMP index up 7.3%, average price US$3,274/MT
SWP not offered
WMP index up 3.3%, average price US$3,691/MT

More like this

Milk price set to stay high

The 2022-23 farmgate milk price is likely to be one of the strongest on record, says ASB economist Nat Keall.


What now?

Aged 64, Malcolm Bailey says farewell after a stellar career in the dairy industry but his knowledge, innovation and drive…

DCANZ chief bows out

Malcolm Bailey says one of the difficult things he's had to overcome in his tenure with DCANZ is getting traction…

Machinery & Products

Amazone's one-pass operation

Ag machinery maker Amazone has paired up its Precea precision air seeder and Combi-Disc 3000 compact disc harrow to deliver…

New grassland products

Grassland specialist Pöttinger has released a new portfolio of products and innovations for the new mowing season.

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Three Waters in trouble?

OPINION: Yet another sign has emerged that the Government's controversial Three Waters reform could be in trouble.

Doco maker wrong

OPINION: A documentary maker who wrongly claims in his film that cows in New Zealand live only one quarter of…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter