Positive GDT result an early Christmas present for farmers
Farmers will be feeling a little more festive this morning, as the latest Global Dairy Trade auction, held overnight, rose 2.3 per cent across the board. It’s the second consecutive positive result, with the index gaining 1.6 per cent on December 6, after a flat November 22 auction. On the up was whole milk powder, which climbed 2.9 per […]
WORLD DAIRY NEWS GDT Price Index: takes a step down at the latest event
The GDT Price Index took a step down at the latest Global Dairy Trade Event. After four consecutive sessions of growth since September the index has softened by 0.7%. The average price reported at the latest event (7 November 2023) was $3,255. This had been recovering for the previous four consecutive periods, reversing the previous […]
World milk market analysis and its impact on UK dairy market
The latest official Defra milk price for August is 36.22ppl at 4.17% fat and 3.37% protein, or 35.4p on a standard 4% fat, 3.3% protein standard litre Milk prices have continued to fall in October and November, with 10 processors reducing in October and another seven for November. Of those only Saputo has cut for […]
Global Dairy Trade auction: Third rise in a row lifts farmers’ spirits
Global Dairy Trade Event 341 concluded with the GDT Price Index up 4.4% Prices have risen yet again in the latest Global Dairy Trade auction held overnight, with a 4.4 per cent lift across the board – which will be well-received on farms across New Zealand as the season nears its peak. It is the third significant increase in a […]
Welcome lift in global dairy prices, we’re not out of the woods yet
Whole milk powder prices gained 4.6% at the latest global auction but are 25% below the same time last year. The price of whole milk powder, which has the most impact on farmgate milk prices, gained for a second global auction, a welcome relief for many dairy farmers who will be struggling to break even […]
International milk prices rose while volumes dropped at GDT
The GDT Price Index was up 4.6%, with an average selling price of $2,957 per metric ton. The index rose 2.7% at the previous auction held on Sept. 5, with an average selling price of $2,888, according to GDT Events. A total of 37,366 tons of dairy products were sold at the latest auction, down […]
Global Dairy Trade Event concluded with the Price Index up 2.7%
Dairy prices have risen in the Global Dairy Trade auction for the first time in four months. The average price increased 2.7 percent to US$2888 per tonne after hitting a near five-year low at the last auction in August. The all-important whole milk powder price – which affects the payout for local farmers – rose 5.3 percent to US$2702 […]
Global dairy price index crashed by 7.4%
Dairy prices crashed to their lowest levels in nearly five years at the Global Dairy Trade auction overnight, led by a 10.9 percent fall in the price of whole milk powder. The average price fell 7.4 percent to US$2875 (NZD$4830) a tonne. The price of whole milk powder, which strongly affects the payout for local […]
Fonterra slashes milk price forecast as demand slumps
Fonterra has slashed its forecast milk price for the 2023/24 season by $1 as demand slumps. On Friday the co-operative announced a revised farmgate milk price range of $6.25 to $7.25 per kilogram of milk solids, with a mid-point of $7 per kgMS. In May Fonterra said it expected to pay farmers between $7.25 and $8.75 […]
Dairy prices fall as volumes rise at auction- GDT events
International milk prices fell while volumes were up at this month’s first Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index was down 4.3%, with an average selling price of $3,100 per metric ton. The index fell 1% at the previous auction on July 18, with an average selling price of $3,289, according […]