Displaying items by tag: GDT
$6-plus payout looking likely
A farmgate milk price at the upper end of Fonterra’s forecast is now on the cards.
Dairy prices lift
Dairy prices are continuing their good run in 2019.
Bank lowers forecast despite GDT price rises
Global dairy prices posted their second increase in a row.
Global milk supply forces down milk price
Persistently strong global milk supply forced Fonterra to cut its milk price forecast last week by about 20-25 cents.
GDT rise unexciting – economists
Economists aren't too excited about last week’s 2.2% overall lift in the Global Dairy Trade price index.
Too little too late?
On the eve of Fonterra revising its farmgate milk price, the overnight Global Dairy Trade auction (GDT) offered farmers some good news.
Milk price cut ‘will not surprise’
With production up 6.5% on last year for the peak of the season, a downward adjustment in Fonterra’s milk price will not be surprising, says BNZ senior economic Doug Steel.
GDT price fall signals another revision
Fonterra’s farm gate milk price faces another revision following the Global dairy Trade (GDT) auction overnight.
Competitive milk price ‘doesn’t just happen’
Fonterra chairman John Monaghan says a lot of work goes into delivering a globally competitive milk price to farmers.
Dairy prices fall 2% at auction
Dairy prices continue to track lower, broadly in line with expectations on the day.