Wednesday, 02 December 2020 08:36

Whole milk powder prices rise 5%

Written by  Sudesh Kissun
Whole milk powder prices jumped 5%. Whole milk powder prices jumped 5%.

Whole milk powder prices have recorded their biggest jump in five months in the overnight Global Dairy Trade (GDT) auction.

WMP prices rose 5% to US$3182/metric tonne. It is now sitting close to its year high price of US$3233/MT achieved in January this year.

The biggest jump in WMP price this year was achieved in July - by a whopping 14%.

The overnight GDT price index rose 4.3% compared to the previous auction.

Key Results

AMF index up 2.6%, average price US$4,278/MT
Butter index up 3.8%, average price US$3,986/MT
BMP index up 1.3%, average price US$2,731/MT
Ched index up 2.4%, average price US$3,734/MT
LAC index up 13.5%, average price US$1,004/MT
SMP index up 3.6%, average price US$2,889/MT
SWP index not available, average price not available
WMP index up 5.0%, average price US$3,182/MT

More like this

Dairy demand on the rise

There is increasing evidence that dairy demand is on the upswing, according to Rabobank senior agricultural analyst Emma Higgins.

Dairy prices slip

Dairy prices pulled back a bit in the overnight Global Dairy Trade (GDT) auction and it’s mostly to do with New Zealand’s biggest market, China.

Optimism in the air

There is a feeling of optimism in the dairy industry, says Federated Farmers dairy section chair Richard McIntyre.

Featured

Learnings from tractor incident

A near miss experienced by a North Island farmer worker when their tractor ‘park’ gear failed, has been shared as the latest Safety Alert from Safer Farms.

Frontline biosecurity 'untouchable'

Biosecurity Minister Andrew Hoggard has reiterated that 'frontline' biosecurity services within Ministry for Primary Industries (MPI) will not be cut under the Government's plan to reduce the public service.

Migrant farmer 'lets the side down'

An appalling case of migrant worker exploitation on a Southland farm isn't acceptable, says Federated Farmers dairy chair Richard McIntyre.

National

Share farmers with big plans

With only about eight weeks to go before their cows are dried off, the 2024 Manawatu Dairy Industry Awards Share…

Team effort brings results

For the team at Westmorland Estate Limited in Waikato, it has been another year of everyone working together to achieve…

Machinery & Products

New name, new ideas

KGM New Zealand, is part of the London headquartered Inchcape Group, who increased its NZ presence in August 2023 with…

All-terrain fert spreading mode

Effluent specialists the Samson Group have developed a new double unloading system to help optimise uphill and downhill organic fertiliser…

Can-Am showcases range

Based on industry data collected by the Motor Industry Association, Can-Am is the number one side-by-side manufacturer in New Zealand.

» Latest Print Issues Online

Milking It

Exploited by one of their own

OPINION: Milking It believes a recent Employment Relations Authority ruling on the exploitation of three migrant workers from Indonesia highlights…

'Not our fault!'

OPINION: Milking It wasn’t too surprised to hear Kiwis’ trust in media has sunk to a new low.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter