Displaying items by tag: GLOBAL DAIRY TRADE

Global dairy prices plunged overnight putting further pressure on a depressed farmgate milk price.

Dairy prices have fallen to three-year lows thanks to strong supply and weak demand, mainly for whole milk powder (WMP) from China.

The absence of Chinese demand from the global market is keeping dairy prices subdued.

The first Global Dairy Trade (GDT) auction for the new season delivered underwhelming results last week.

With just a week left in the 2022-23 season, economists agree that a final milk price around $8.30/kgMS is all but locked in.

Dairy prices rebounded at last week’s Global Dairy Trade (GDT) auction, after three consecutive drops, raising hopes of better days ahead.

OPINION: It's a New Year but apart from that nothing much seems to have changed, at least for farmers.

Global Dairy Trade (GDT) auction prices were largely unchanged last week.

Be prepared for a bumpy ride in 2023.

China's sway over what New Zealand dairy farmers get paid for their milk has been on display this year.