Displaying items by tag: GDT

Dairy prices rose in the overnight Global Dairy Trade (GDT) auction, for the second time in a row.

Latin America may have been the unexpected cause of the GlobalDairyTrade (GDT) overall price index rising 1.7% last week against expectations, says ASB senior rural economist Nathan Penny.

Dairy prices stabilised in last night’s Global Dairy Trade (GDT) auction, rising 1.7% following a 9% fall over the previous two auctions.

Dairy product prices gained slightly at the Global Dairy Trade auction overnight.

GDT Global dairy prices were up slightly overnight, stemming two consecutive drops in the GDT price index.

After four successive price increases, global dairy prices dipped slightly in Global Dairy Trade auction overnight.

The Commerce Commission has signalled it plans to look at details as to how Fonterra will include non GlobalDairyTrade sales in calculations for the milk price.

The Global Dairy Trade price index was up 3.5% overnight – with at least one major bank now saying the farmgate milk price may go higher.

The Global Dairy Trade overall price index was up 4.5% overnight.

Federated Farmers Dairy chairman Andrew Hoggard says this morning’s strong rise in global dairy prices is a morale booster for farmers.