Print this page

Wednesday, 22 August 2018 08:56

Dairy prices dip

Written by Sudesh Kissun

font size decrease font size increase font size

Dairy prices went down in the overnight Global Dairy Trade (GDT) auction.

While milk powder (WMP) price index dropped 2.1% to $US$2883/MT.

Westpac’s IQ financial briefing notes that since April, WMP prices have fallen 13%.

The GDT Price Index was down 3.6% compared to the last auction.

Key results

AMF index down 6.9%, average price US$5,321/MT

Butter index down 8.5%, average price US$4,392/MT

BMP not offered

Ched index down 4.7%, average price US$3,484/MT

LAC index not available, average price US$914/MT

RenCas index up 2.8%, average price US$5,138/MT

SMP index down 1.3%, average price US$1,951/MT

SWP index not available, average price not available

WMP index down 2.1%, average price US$2,883/MT

Featured

HortNZ levy vote referendum looms

The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.

Meat co-op seeks capital from farmer shareholders

Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.

Vaccinate against new lepto strain

A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.

Global demand remains sluggish

Dairy

TV series to combat food waste

Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.

Chorus backs need for rural high speed internet

Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.

National

Celebrating success

The Director General of MPI, Ray Smith says it's important for his department to celebrate the success of a whole…

Biosecurity award for M. bovis work

A small company which mobilised veterinarians around the country to deal with Mycoplasma bovis was one of the winners in…

Cyclone's devastating legacy

One of the country's top Māori sheep and beef farms is facing a five-year battle to get back to where it…

Govt praised for handling of China over cyber attacks

One of the country's leading experts on China has praised the NZ Government for its handling of the recent incident…

Woolworks scour reopens after $50m rebuild

The world’s largest wool processing facility, badly damaged by Cyclone Gabrielle over one year ago, has re-opened following a $50…

Machinery & Products

Agco invests in Finnish engine plant

While Nokia is more likely recognised for mobile devices, a major investment of €70m (NZ$126m) by global farm machinery brand…

Quality lubricants keep tractors safe

Evan Paxton and his family at Riverview Farms, Dargaville, are one of New Zealand’s leading suppliers of kumara.

Factory clocks up 60 years

There can't be many heavy metal fans who haven’t heard of Basildon, situated about 40km east of London and originally…

Polaris unveils XD 'truck'

Think of a RAM 1500 or a Chevrolet Silverado and compare them to a Ranger or a Hilux: One is…

PM opens new Power Farming facility

Morrinsville based Power Farming Group has launched a flagship New Zealand facility in partnership with global construction manufacturer JCB Construction.

Dairy prices dip

More like this

Returns lift, costs down - DairyNZ

Dairy prices slip

Optimism in the air

Dairy has 'turned a corner'

Editorial: Things are looking up

Popular Reads

Machinery builder in liquidation

Farmers oppose work visa changes

Milk price certainty

Farmers fined for cattle abuse

Dairy sheep and goat turmoil