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