Wednesday, 04 March 2020 09:10

Third straight drop for GDT price index

Written by Staff Reporters

font size decrease font size increase font size
Print
Email

Coronavirus uncertainty has led to the third consecutive drop in the Global Dairy Trade price index.

Global dairy prices have dropped for the third consecutive auction.

The Global Dairy Trade (GDT) price index was down 1.2% overnight, following drops of 5,5% and 4.7%.

The poor run is being blamed by uncertainty around the spread of coronavirus.

Key results

AMF index down 1.7%, average price US$4,302/MT

Butter index up 1.0%, average price US$4,131/MT

BMP index down 4.8%, average price US$2,718/MT

Ched index down 4.7%, average price US$4,285/MT

LAC index up 5.7%, average price US$871/MT

RenCas index up 0.5%, average price US$9,891/MT

SMP index down 3.2%, average price US$2,747/MT

SWP index not available, average price not available

WMP index down 0.5%, average price US$2,952/MT

Featured

Bank of New Zealand launches First Farm initiative

Bank of New Zealand (BNZ) says it is backing aspiring dairy farmers through a new initiative designed to make the first step to farm ownership or sharemilking easier.

Editorial: Credit where it's due

OPINION: While farmers are busy and diligently doing their best to deal with unwanted gasses, the opponents of farming - namely the Greens and their mates - are busy polluting the atmosphere with tirades of hot air about what farmers supposedly aren't doing.

Methane emission target reset

OPINION: For close to eight years now, I have found myself talking about methane quite a lot.

Royal A&P Show Returns to Canterbury: Record livestock entries and renewed prestige

The Royal A&P Show of New Zealand, hosted by the Canterbury A&P Association, is back next month, bigger and better after the uncertainty of last year.

Farmers Lead Sustainability Push: Woodchip bioreactor cuts nitrate runoff in Manawatu

Claims that farmers are polluters of waterways and aquifers and 'don't care' still ring out from environmental groups and individuals. The phrase 'dirty dairying' continues to surface from time to time. But as reporter Peter Burke points out, quite the opposite is the case. He says, quietly and behind the scenes, farmers are embracing new ideas and technologies to make their farms sustainable, resilient, environmentally friendly and profitable.

MPI’s Diana Reaich: Building global trade relationships

Relationships are key to opening new trading opportunities and dealing with some of the rules that countries impose that impede the free flow of trade.

National

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.

Owl Farm marks 10 years as NZ’s first demonstration dairy farm

In 2015, the signing of a joint venture between St Peter's School, Cambridge, and Lincoln University saw the start of…

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…