Editorial: Punching Above Our Weight
OPINION: With 10,500 dairy farms, New Zealand continues to punch above its weight around the world.
The whole milk powder price slipped for the first time this year at the overnight Global Dairy Trade (GDT) auction.
WMP price dropped 0.8% to US$3232/metric tonne. Overall, the GDT price index dropped 0.6%, its second drop this year.
Skim milk powder price, which has been languishing for months, jumped 5.5% to US$2051/metric tonne, breaking the US$2000 barrier for the first time since August last year.
Key results
AMF index down 3.2%, average price US$6,245/MT
Butter index down 1.0%, average price US$5,280/MT
BMP index down 4.3%, average price US$1,959/MT
Ched index up 1.7%, average price US$3,759/MT
LAC index not available, average price not available
RenCas index up 2.2%, average price US$5,128/MT
SMP index up 5.5%, average price US$2,051/MT
WMP index down 0.8%, average price US$3,232/MT
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