OPINION: Credit where due, NZ Herald at least reported that agricultural leadership had pitched in to do its bit.
Dairy prices continued to edge higher in last night’s Global Dairy Trade (GDT) auction with the aggregate price index up 0.4%.
Soaring butter prices may see next season’s milk price go beyond $7/kgMS – even as high as the mid sevens.
The Global Dairy Trade (GDT) price index has now risen in ten consecutive auctions and is up 23% since the start of the year.
Whole milk powder, butter and cheese prices were the big drivers of the eighth bounce in a row for the Global Dairy Trade (GDT) last week, says Emma Higgins, Rabobank dairy analyst.
Adding an auction in Europe should have no price impact overall on dairy prices, says Global Dairy Trade director Eric Hansen.
Global dairy prices are continuing their golden run, with the Global Dairy Trade (GDT) price index posting its seventh consecutive rise overnight.