Strong production, tested demand send milk prices crashing
Strong global milk production and rebalancing of demand among key buyers has delivered one of the biggest drops in whole milk powder prices in recent years.
-
font size
decrease font size
increase font size
Global dairy prices have tumbled in the latest Global Dairy Trade (GDT) event.
The GDT price index dropped by 3.8% compared to the previous event; most products suffered a drop in prices.
It is also the third consecutive drop for the GDT price index.
Whole milk powder prices dropped 4.3% to US$3006/metric tonne.
Butter dropped 5.7%, skim milk powder 3.5% and AMF 3.3% down 3.8%
More like this
Fonterra lifts milk price forecast to $10.15/kgMS
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
BNZ lifts milk price forecast to $10.25/kgMS for 2025-26
A stronger than expected outlook for dairy has prompted one bank to lift its 2025-26 season forecast milk price by 75c to $10.25/kgMS.
Lower North Island farmers “cautiously optimistic” heading into winter – DairyNZ
Cautiously optimistic is how DairyNZ's regional manager for the lower North Island, Mark Laurence describes the mood of farmers in his patch.
Karl Dean elected new Federated Farmers dairy chair, focuses on sector's future
New Federated Farmers national dairy chair Karl Dean is looking forward to tackling the issues facing the sector.
Popular Reads
Two milk processing plants changing hands
Two large milk processing plants in New Zealand are changing hands.
Waikato dairy farmers enter 2025 regional council elections
Two Waikato dairy farmers and Federated Farmers leaders have thrown their hats in the ring for this year's Waikato Regional…Farmer anger over Joy's social media post
A comment by outspoken academic Dr Mike Joy suggesting that dairy industry leaders should be hanged for nitrate contamination of…Fonterra consumer business sale price jumps to $4.22b
The sale price of Fonterra’s global consumer and associated businesses to the world’s largest dairy company Lactalis has risen to…Open Country finalises acquisition of Miraka Limited
Open Country Dairy has finalised a deal to acquire 100% of Miraka.Featured
Dr Mike Joy says sorry, escapes censure
Academic Dr Mike Joy and his employer, Victoria University of Wellington have apologised for his comments suggesting that dairy industry CEOs should be hanged for contributing towards nitrate poisoning of waterways.
Southland landowners offered catchment funding boost
Environment Southland's catchment improvement funding is once again available for innovative landowners in need of a boost to get their project going.
People-first philosophy pays off
The team meeting at the Culverden Hotel was relaxed and open, despite being in the middle of calving when stress levels are at peak levels, especially in bitterly cold and wet conditions like today.
Farmer anger over Joy's social media post
A comment by outspoken academic Dr Mike Joy suggesting that dairy industry leaders should be hanged for nitrate contamination of drinking/groundwater has enraged farmers.
Editorial: Rural sector deserves better
OPINION: The phasing out of copper network from communications is understandable.
From Nelson to Dairy Research: Amy Toughey’s Journey
Driven by a lifelong passion for animals, Amy Toughey's journey from juggling three jobs with full-time study to working on cutting-edge dairy research trials shows what happens when hard work meets opportunity - and she's only just getting started.
National
Poultry industry, Govt sign landmark biosecurity deal
The Government has struck a deal with New Zealand's poultry industry, agreeing how they will jointly prepare for and respond…
Hawke’s Bay Rescue Helicopter completes 220+ missions in 2025
Thus far in 2025, the Hawke's Bay rescue helicopter crew have completed over 220 missions, resulting in numerous positive patient…Vegetable grower Alan Wilcox remembered for lifetime of service
Pukekohe vegetable growers farewelled 101-year-old Alan Wilcox in late July, celebrating his many achievements and reflecting the widespread respect in…NZ public says farmers should lead climate action, survey finds
A new nationwide survey shows New Zealanders expect farmers and food producers to play a leading role in cutting greenhouse…North Otago farmer Jane Smith standing for Ravensdown board seat
North Otago farmer Jane Smith is standing for the Ravensdown South Island director seat.Machinery & Products
Meeting the need for key minerals
For upcoming weaning and mating, there will be a need for key minerals in calves and cows.
