GDT: Dairy prices rise for the fourth time in a row
Prices have risen for the fourth time in a row in the latest Global Dairy Trade auction, held overnight, with a 4.3 per cent increase across the board. It follows similar lifts of 4.4 per cent on October 3 and 4.6 per cent on September 19, as well as a 2.7 per cent increase on […]
Fonterra increased dairy farmers milk price by 50c
Dairy giant Fonterra has raised its forecast milk price for farmer suppliers by 50 cents to an effective $7.25 per kilogram of milk solids. It’s the latest twist in what’s looking like a very up and down season for farmers. Just before the latest season started in June Fonterra gave an initial forecast of, in […]
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 […]
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 […]
Fonterra to increase offer quantities on Global Dairy Trade (GDT)
Fonterra announced today in a press statement that, as of now, the Fonterra Co-operative Group has increased its offer of quantities for whole milk powder (WMP) and skimmed milk powder (SMP) for the next twelve months. The offering of WMP will increase by 20,000 mt over the coming 12 months, while the SMP offering will […]
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 […]
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 […]
GDT price index down over 3% and butter crashed by over 10%
The Global Dairy Trade (GDT) price index has dropped by 3.3% following the latest trading event held earlier today (Tuesday, July 4). The price index now stands at 969, a level last seen in November 2020. Following the previous auction on June 20, the index remained unchanged from the preceding event on June 6, at […]
GDT price index posts second increase in a row
The Global Dairy Trade (GDT) price index has reported its second increase in a row following the latest trading event. As a result of trade event 331 held today (Tuesday, May 2), the price index rose by 2.5%. This follows an increase of 3.2% after the previous auction on April 18 , which marked the […]
Markets wrap: Futures point to rise in Whole milk powder prices
The futures market is betting whole milk powder prices will rise at the Global Dairy Trade auction this week. At the last GDT auction two weeks ago the headline price index jumped 3.2% following four consecutive declines. The average price for whole milk powder, which has the most impact on what farmers are paid, gained […]