Low Chinese demand, more products factor into global dairy prices tumble
Global dairy prices have resumed their losing streak in the global dairy auction overnight. The average price at the fortnightly sale fell 3.5 percent to US$3911 ($NZ6830) a tonne, after rising 2 percent in the previous auction. Prices have generally been falling since hitting a record high in March. “A significant lack of demand arriving […]
Global dairy auction plummets 8.5% as buyers baulk at high prices
Dairy prices plummeted at the fastest rate in seven years at the latest global auction, as buyers appear to have baulked at record high prices. The Global Dairy Trade price index dropped 8.5% to 1379 at the bimonthly auction overnight. That’s the biggest fall since August 4, 2015, when the index shed 9.3%. The drop […]
Expected dairy sales growth rate at 9.1% from FY18 to FY24 : Crisil
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Dairy prices drop, volumes rise at auction SMP prices crashed by 4.2%
International milk prices fell while volumes rose in this month’s second Global Dairy Trade auction held by GDT Events. The GDT Price Index fell 3.6%, with an average selling price of $4,855 per tonne, in the auction held on Tuesday. The index fell 1% at the previous sale, according to GDT Events. A total of 22,179 tonnes was sold […]
Global dairy prices rise 5.1 percent to record high after April 2013
The previous price record for global dairy products was set in April 2013. The average price at the fortnightly global dairy auction rose 5.1 percent to US$5065 a tonne, after rising 4.2 percent in the previous auction. The Global Dairy Trade price index hit 1593, breaking the previous record of 1573 in April 2013. The […]
Global dairy prices move further up by 4.1% since mid January at GDT
Dairy prices continued their march higher at the latest Global Dairy Trade auction, the GDT price index jumping 4.1 per cent from the last auction in mid-January. The price of whole milk powder – which has the biggest influence over Fonterra’s farmgate milk price – gained 5.8 per cent to US$4324 a tonne, revisiting levels […]
Global dairy prices move further up by 4.1% since mid January at GDT
Dairy prices continued their march higher at the latest Global Dairy Trade auction, the GDT price index jumping 4.1 per cent from the last auction in mid-January. The price of whole milk powder – which has the biggest influence over Fonterra’s farmgate milk price – gained 5.8 per cent to US$4324 a tonne, revisiting levels […]
Global dairy prices are at 8-year high as supply tightens
Dairy prices jumped 4.6 per cent at the global auction overnight to hit an eight-year-high, as tight milk supply stokes demand for New Zealand’s biggest export commodity. The Global Dairy Trade price index rose to 1397, its highest level since March 2014. The average price for whole milk powder, which has the most impact on […]
Global dairy prices are at 8-year high as supply tightens
Dairy prices jumped 4.6 per cent at the global auction overnight to hit an eight-year-high, as tight milk supply stokes demand for New Zealand’s biggest export commodity. The Global Dairy Trade price index rose to 1397, its highest level since March 2014. The average price for whole milk powder, which has the most impact on […]
Milk Powder At 7-Year High After Surprise Shortfall In Global Production
Milk powder is used to make milk, and it’s also a common ingredient in a variety of foods including baked goods, soups and processed items. Futures for nonfat dry milk reached 135 cents per 100 pounds, the highest since August 2014. A surprise shortfall in global milk production has international purchasers scouring for powder, the […]