Displaying items by tag: GDT

All eye are on Fonterra this week to see if it lifts its $4.70/kgMS forecast after the Global Dairy Trade (GDT) Index price last week surged 10.1%.

The Global Dairy Trade will still have “to travel a lot of distance” to sustain Fonterra’s current farmgate milk price of $4.70/kgMS, Fonterra’s chairman John Wilson says.

Last night's GlobalDairyTrade auction saw the fifth consecutive gain for dairy prices since December.

The Global Dairy Trade price jump of 9.4% last week was at the top end or bigger than predictions by economists and part of a continued upward swing.

Dairy farmers are still wary despite three successive lifts in global dairy auction prices.

Dairy prices rose again overnight with an increase of 9.4% in the Global Dairy Trade auction.

Dairy prices have bottomed out and are on a tentative and slow recovery path. That’s the consensus of four agri economists spoken to by Dairy News after last week’s Global Dairy Trade auction saw a 1% lift overall and notably a 3.8% lift in whole milk powder.

Dairy prices started 2015 on a positive note, rising 3.6% in the Global Dairy Trade auction overnight.

AFTER A 6% drop in the GDT this week, the ASB says the risks are increasingly of a payout on the downside of $5.80/kgMS.

THE ASB has held its milk price forecast at $5.80kg/MS for the 2014/15 season after a mixed bag in the overnight GDT auction.