Posts tagged "Butter"

Dairy product prices slip again

[20 June/Rural Life] Dairy product prices fell at the Global Dairy Trade Auction. Prices fell 1.2 percent from the previous auction two weeks ago. Whole milk powder fell 1 percent to USD3,189 per tonne. Regular grade whole milk powder was down 1.4 percent. Cheddar dropped 3.6 percent and anhydrous milk fat fell 2.5 percent. AgriHQ...

NZ terms of trade at new record high

[1 March/Radio NZ] Due to record lamb and butter prices, New Zealand’s purchasing power with the rest of the world has improved. Official figures have shown the quantity of imports that can be bought with a given quantity of exports rose by 0.8 percent in the December quarter. Export prices rose 4.9 percent mainly due...

Milk fat prices take a break

[3 August/ NZ Herald] ASB Senior Rural Economist Nathan Penny said a slowdown in milk fat prices is likely temporary due to surging demand and tight inventories. Prices overall decreased 1.6 percent. Butter and anhydrous milk both decreased 4.9 percent while skim milk powder fell 3 percent. Whole milk powder prices rose 1.3 percent however...

Butter hits $US6000 per tonne

[20 July/ Otago Daily Times] Butter prices have reached a record high surpassing USD6000/metric tonne in this week’s GlobalDairyTrade auction. Tighter global supply and a pro-milk fat health trend have caused prices to increase. Overall, prices were unchanged this auction, with a 0.2 percent increase. Whole milk powder increased 0.3 percent- marginally lower than futures...