Wednesday, 08 July 2020 08:42

Whopping 14% rise in WMP price!

Written by Staff Reporters

font size decrease font size increase font size
Print
Email

Whole milk powder price in the overnight Global Dairy Trade auction rose 14%.

New Zealand dairy farmers have woken up to some great news.

Whole milk powder price in the overnight Global Dairy Trade (GDT) auction rose a whopping 14% to US$3,208/metric tonne.

The GDT price index was up 8.3% compared to the last auction.

All products on offer saw an increase in their average prices.

Key results

AMF index down 0.2%, average price US$3,981/MT

Butter index up 3.0%, average price US$3,717/MT

BMP index up 3.8%, average price US$2,417/MT

Ched index up 3.3%, average price US$3,762/MT

LAC index up 1.9%, average price US$1,309/MT

SMP index up 3.5%, average price US$2,694/MT

SWP index not available, average price not available

WMP index up 14.0%, average price US$3,208/MT

More like this

Milk Powder Prices Rally: $10/kgMS Milk Price in Sight

Milk Powder Prices Rally: $10/kgMS Milk Price in Sight

Milk powder prices are continuing their merry run, firming up a potential $10/kgMS farmgate price this season.

Milk Powder Prices Prop Up Farmgate Milk Price

Milk Powder Prices Prop Up Farmgate Milk Price

Milk powder prices are keeping farmgate prices up, helping processors offset the dip in milk fat prices.

Editorial: Punching Above Our Weight

OPINION: With 10,500 dairy farms, New Zealand continues to punch above its weight around the world.

Milk Glut Drags Fonterra Forecast Down to $9.20/kgMS

A milk glut around the world shows no sign of easing, putting downward pressure on farmgate milk prices for the next few months.

Fonterra Cuts 2026/27 Milk Price Forecast to $9.25

Fonterra has reduced its forecast 2026/27 Farmgate Milk Price.

Popular Reads

Agricultural Vehicle Rule Changes Welcomed by Rural Contractors NZ

Rural Contractors NZ says proposed changes to land transport rules for agricultural vehicles are a welcome response by the Government…

Fonterra CFO Andrew Murray Resigns

Fonterra Co-operative Group chief financial officer Andrew Murray has resigned to take up a role outside the dairy giant.

DGC Posts Record Goat Milk Payout of $14.56/kgGMS

Things are looking up in the dairy goat sector.

Fonterra Board Pay Rise: Chair Fee Up to $528,500

Fonterra board members are in line for a pay rise of around 3%.

Synlait’s Longest-Serving Employee Joins Executive Team

Synlait's longest serving employee – a man who joined the Canterbury-based milk processor even before it began processing milk –…

Featured

Fines For Velveting Without Pain Relief, Illegal Slaughter and NAIT Breaches

Three men have been sentenced in District Courts after Ministry for Primary Industries prosecutions over animal welfare, food safety and cattle tracing offences.

A Year of Delivery for Fonterra

Fonterra’s 2026 financial year was a year of delivery, with record volumes of milk collected, processed and shipped by the co-op.

Editorial: Common Sense Prevails

OPINION: The Government's decision to reinstate agriculture and horticultural science as a standalone subject from Year 11 is the right one.

Ex-Fonterra Suppliers Face Stricter Share Sell-Down Requirements

Dairy farmers, still holding onto their Fonterra shares despite switching milk supply elsewhere or exiting the industry, now face a stricter share sell-down requirement.

Aimer Farming Raises $3M to Launch AI Beef Pasture Tool

Hamilton-based agritech company Aimer Farming has completed a $3 million capital raise to support its next stage of growth, including a beef farming product due to launch in 2027.

Miriam Lauridsen on Farm Health and Safety Culture

When dairy manager Miriam Lauridsen learned the farm, she was joining held weekly health and safety meetings, she initially thought that was “a bit over the top”. Experiencing that culture changed her mind.

National

Waikato Farmers Go Bull-Free With CowManager Sensors

For Waikato dairy farmers Jackie and Toby O’Reilly, wearable technology has become as important a management tool as good cow…

El Niño “Irrigated Drought” Risk for Dairy Farmers

Keeping up with pasture moisture demands is likely to be the key challenge for dairy farmers during this season’s El…

DairyNZ Strategy Review: Farmer Feedback Closes 15 Nov

Farmers have until the end of this week to help shape DairyNZ’s future focus.

NZ Dairy Hits Record 2 Billion kgMS in 2025/26 Season

The New Zealand dairy sector set a record in the 2025/26 season, producing more than two billion kilograms of milksolids…

Milk Powder Prices Rally: $10/kgMS Milk Price in Sight

Milk powder prices are continuing their merry run, firming up a potential $10/kgMS farmgate price this season.

Machinery & Products

Waikato Dairy Family Uses John Deere Precision Tech

Areare Farms, a dairy operation in the Waikato region spanning multiple properties and milking 760 cows, now has Jenna and…

SAM e-Spreader Now Connects Directly to Tabula

Hamilton-based manufacturer SAM Machinery and Hawke’s Bay’s Tabula have joined forces to offer customers more ways to connect its spreaders…

New Michelin Tyres for Slurry Tankers and Trailers

Global tyre manufacturer Michelin has extended its agricultural trailer tyre range, with the introduction of its new WorkxBib series, designed…

JCB Lifts Investment After Hydrogen Engine Milestone

Following the record-breaking success of its hydrogen-powered Hydromax, JCB is ramping up its investment in the business, key to the…

Stationary Mixing Tank Gets Job Done Quickly, Efficiently

During calf rearing, logistics can play an important role in getting the job done quickly and efficiently.

» Latest Print Issues Online

dairynewscover

ruralnewscover

winegrowercover

Milking It

Not Out of the Woods Yet

OPINION: It seems Canterbury processor Synlait is still in the doldrums.

Peters Targets Fonterra

OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.

» eNewsletter