Dairy farmers urged to focus on what they can control amid GDT drops
Keep focused on things that can be controlled on farm.
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
Ashburton cropping and dairy farmer Matthew Paton has been elected to the board of rural services company, Ruralco.
The global agricultural landscape has entered a new phase where geopolitics – not only traditional market forces – will dictate agricultural trade flows, prices, and production decisions.
National Lamb Day is set to return in 2026 with organisers saying the celebrations will be bigger than ever.
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
The chance of a $10-plus milk price for this season appears to be depleting.
Keep focused on things that can be controlled on farm.
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