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

AgriSIMA 2026 Paris machinery show cancelled

With the current situation in the European farm machinery market being described as difficult at best, it’s perhaps no surprise that the upcoming AgriSIMA 2026 agricultural machinery exhibition, scheduled for February 2026 at Paris-Nord Villepinte, has been cancelled.

MIA showcases refreshed Taste Pure Nature brand with Shanghai pop-up experience

The Meat Industry Association of New Zealand (MIA) has launched the first in-market activation of the refreshed Taste Pure Nature country-of-origin brand with an exclusive pop-up restaurant experience in Shanghai.

Cricket memorabilia up for auction for youth mental health

Jayna Wadsworth, daughter of the late New Zealand wicketkeeper Ken Wadsworth, has launched an auction of cricket memorabilia to raise funds for I Am Hope's youth mental health work.

NZ tractor sales show signs of recovery – TAMA

As we move into the 2025/26 growing season, the Tractor and Machinery Association (TAMA) reports that the third quarter results for the year to date is showing that the stagnated tractor market of the last 18 months is showing signs of recovery.

Dairy farmers urged to participate in 2026 Levy vote

DairyNZ chair Tracy Brown is urging dairy farmers to participate in the 2026 Levy vote, to be held early next year.

B+LNZ calls for director nominations for 2026 annual meeting

Beef + Lamb New Zealand (B+LNZ) is calling for nominations for director roles in the Eastern North Island and Southern South Island electoral districts.

National

Fieldays calls for strategic investment in its future

A function at Parliament on 7th October brought together central government decision-makers, MPs, industry stakeholders and commercial partners to highlight…

Dairy farmers welcome NZ’s revised 2050 methane target

The Government's revised 2050 biogenic methane target range of 14-24% by 2050 is being welcomed by dairy farmers.

Distance education on the rise - Massey University

An increasing number of students are doing agricultural and horticultural degrees at Massey University by distance learning.

Fonterra executive named new Massey University vice chancellor

When Professor Pierre Venter takes up his new role as vice chancellor at Massey University next February it will just…

DairyBase and Farm Focus partner to provide benchmarking

Two rural data organisations - DairyNZ’s DairyBase and Farm Focus - have formed a new partnership that aims to remove…

Machinery & Products

New pick-up for Reiter R10 merger

Building on experience gained during 10 years of making mergers/ windrowers, Austrian company Reiter has announced the secondgeneration pick-up on…

NH tractor powered by methane goes on sale

First unveiled in 2023, New Holland has announced the addition of the T7.270 Methane Power CNG (Compressed Natural Gas) tractor…

Krone EasyCut B1250 fold

In 2024, German manufacturer Krone introduced the F400 Fold, a 4m wide disc front mower, featuring end modules that hinge…

Safer Farms issues safety alert on ATV rollovers when towing calf milk trailers

Rollovers of quad bikes or ATVs towing calf milk trailers have typically prompted a Safety Alert from Safer Farms, the…

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…

» Latest Print Issues Online

Visit archives

Third straight drop for GDT price index

More like this

Strong production, tested demand send milk prices crashing

Global dairy prices rebound after two-month decline

Middle East demand cushions global dairy price drop at latest GDT auction

Arla to offer European-sourced skim milk powder on GDT Pulse

$10.25/kgMS milk price now in play

Popular Reads

Fonterra to boost UHT cream production with $150m plant

Bold taste wins gold medal

Pamu and LIC to launch Synergizer

Divestment means Fonterra can focus on its strengths

Make the right decision, Peters urges Fonterra farmers

Featured

AgriSIMA 2026 Paris machinery show cancelled

MIA showcases refreshed Taste Pure Nature brand with Shanghai pop-up experience

Cricket memorabilia up for auction for youth mental health

NZ tractor sales show signs of recovery – TAMA

Dairy farmers urged to participate in 2026 Levy vote

B+LNZ calls for director nominations for 2026 annual meeting

National

Fieldays calls for strategic investment in its future

Dairy farmers welcome NZ’s revised 2050 methane target

Distance education on the rise - Massey University

Fonterra executive named new Massey University vice chancellor

DairyBase and Farm Focus partner to provide benchmarking

Machinery & Products

New pick-up for Reiter R10 merger

NH tractor powered by methane goes on sale

Krone EasyCut B1250 fold

Safer Farms issues safety alert on ATV rollovers when towing calf milk trailers

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

» Latest Print Issues Online

Milking It

Microplastics problem

Job cuts

» eNewsletter

Third straight drop for GDT price index

More like this

» Latest Print Issues Online

» Connect with Dairy News

» eNewsletter