Wednesday, 04 April 2018 08:42

Whole milk powder price up 1.6%

Written by 
Whole milk powder price rose 1.6%. Whole milk powder price rose 1.6%.

Global dairy prices eased slightly overnight, however whole milk powder price rose 1.6%.

The Global Dairy Trade (GDT) index dropped 0.6% compared to the previous event; pulled down by a 7% drop in anhydrous milk fat (AMF) price. Skim milk powder also slumped 1.8%.

However whole milk powder price is holding up; rising to US$3278/metric tonne.

Butter also rose, up 4% to nearly US$5500/MT.

Key results

AMF index down 7.0%, average price US$5,806/MT

Butter index up 4.1%, average price US$5,494/MT

BMP index up 1.0%, average price US$1,988/MT

Ched index up 2.2%, average price US$3,679/MT

LAC index up 1.1%, average price US$549/MT

RenCas index up 12.1%, average price US$5,668/MT

SMP index down 1.8%, average price US$1,849/MT

WMP index up 1.6%, average price US$3,278/MT

More like this

$10.25/kgMS milk price now in play

A significant rise in Global Dairy Trade (GDT) auction last week has prompted one bank to lift its forecast milk price for the season to above Fonterra's mid-point.

Popular Reads

back to top

Featured

Rural contractors call for overhaul of ag vehicle rules

Rural contractors call for overhaul of ag vehicle rules

Following a recent overweight incursion that saw a Mid-Canterbury contractor cop a $12,150 fine, the rural contracting industry is calling time on what they consider to be outdated and unworkable regulations regarding weight and dimensions that they say are impeding their businesses.

NZ seeks certainty on US tariff, says McClay

NZ seeks certainty on US tariff, says McClay

Trade Minister Todd McClay says his officials plan to meet their US counterparts every month from now on to better understand how the 15% tariff issue there will play out, and try and get some certainty there for our exporters about the future.

Trial shows benefits of spring nitrogen use

A landmark New Zealand trial has confirmed what many farmers have long suspected - that strategic spring nitrogen use not only boosts pasture growth but delivers measurable gains in lamb growth and ewe condition.

Eric Roy: Championing the pork industry

It was recently announced that former MP and Southland farmer Eric Roy has stepped down of New Zealand Pork after seven years. Leo Argent talks with Eric about his time at the organisation and what the future may hold.

National

Machinery & Products

JDLink Boost for NZ farms

JDLink Boost for NZ farms

Connectivity is widely recognised as one of the biggest challenges facing farmers, but it is now being overcome through the…

New generation Defender HD11

The all-new 2026 Can-Am Defender HD11 looks likely to raise the bar in the highly competitive side-by-side category.

» Latest Print Issues Online

dairynewscover
ruralnewscover
winegrowercover

Visit archives

Milking It

Buttery prize

OPINION: Westland Milk may have won the contract to supply butter to Costco NZ but Open Country Dairy is having…

Gene Bill rumours

OPINION: The Gene Technology Bill has divided the farming community with strong arguments on both the pros and cons of…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter