Wednesday, 08 July 2020 08:42

Whopping 14% rise in WMP price!

Written by  Staff Reporters
Whole milk powder price in the overnight Global Dairy Trade auction rose 14%. 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

Price dip a blip?

Dairy prices dipped last week after three consecutive rises but economist Nathan Penny, Westpac, says the dip is likely to be temporary.



John Deere names new Aust/NZ head

John Deere Australia/New Zealand’s new managing director Luke Chandler says he will prioritise leading the way in technology and investing in strong relationships.

Trade deal delivers new 'rulebook'

A new trade agreement, the Regional Comprehensive Economic Partnership (RCEP), has been described as a new rule book for trade in the Asian region.


Miraka picks up awards

Taupo-based Maori dairy company Miraka took the top honours at this year’s Biosecurity Awards.

Wyeth ready for new challenge

The chief executive-elect of Yili-owned Westland Milk Products Richard Wyeth says he’s looking forward to the challenge of running the…

Machinery & Products

Mixer makes feeding easy

Coolbreene Trust near Taupo is a large-scale dairy operation farming 1150ha, including run-off blocks, within a 10km radius of its…

More colour to light range

Originally available with amber lenses only, Narva’s ‘Geomax’ Heavy Duty LED Strobe Beacon light range has been upgraded with the…

State funding for recycling

Having declared in July that all farm plastics sold in New Zealand will have to be recycled or reused, the…

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Avoiding listeria

OPINION: The company that makes dairy products under “The Collective” brand, and which copped a nearly $500,000 fine for failing…

Greenpeace seeing red

OPINION: Still with Greenpeace, the organisation’s push for a price on agricultural greenhouse gas emissions is gaining momentum since the…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter