Displaying items by tag: GDT

Dairy prices lifted 2.1% at Fonterra's GlobalDairyTrade auction last night.

The GlobalDairyTrade price index was up 1.4% over night, with whole milk powder up 5.5%.

Federated Farmers is calling for the Government to apply diplomatic pressure with European countries wanting to move backwards towards more regulation.

Global dairy prices have slumped for the fourth straight time this year.

Another fortnight passes and we have another lacklustre Global Dairy Trade result and Fonterra confirming it has revised its milk price for the current season (2015-16).

Fonterra Shareholders Council says the co-op's 45c drop in the 2015-16 forecast payout is a sobering blow to farmers.

Expect the volatility in the international dairy market to be around for some time.

Banks have cut their farmgate milk price forecast after another drop in the GDT price index last week, albeit minor at an overall 1.4%.

Milk production may be falling but Fonterra's exports are soaring.

Farmers are concerned Fonterra's forecast farmgate payout of $4.60/kgMS may be under threat.