Posts tagged "Global Dairy Trade"

Prices slide at Global Dairy Trade auction, biggest drop since March

[20 December/The Country] Dairy prices fell at Wednesday’s Global Dairy Trade auction with an unexpected fall in Whole Milk Powder. The index declined 3.9% to USD2,969 with 29,592 tonnes of product being sold. The key whole milk powder price fell 2.5%. Analysts suggested that production data showing New Zealand production up by 3.4% in November...

Fonterra cuts its milk price forecast

[7 December/ Stuff] Fonterra has decreased its forecast payout for the 2017-18 season by 35 cents to $6.40 per kilogram of milk solids. Based on DairyNZ production figures of 1.85 billion kilograms of milk over the season, the 35 cent decrease equated to lost income of $647 million for farmers. For the average farmer milking...

Analysts expect Fonterra to lower its forecast payout before Christmas

[23 November/ Stuff] Federated Farmers remained optimistic that Fonterra’s forecast price of $6.75 per kilogram of milk solids would be maintained in December, unlike most other analysts who believed it would decrease to around $6.50 per kilogram. If the price did decrease to this level, it would mean a reduction of almost $500 million for...

Milligans Food Group joins GDT Marketplace

[30 October/New Zealand Herald] Milligans Food Group, a manufacturer and supplier of ingredients, food products and animal nutrition products, is among three additional dairy ingredient suppliers to join Global Dairy Trade’s GDT Marketplace. Milligans will offer 1kg packaged whole milk and skim milk powder, and powder blends. The other new sellers were Glanbia Ireland and...

Dairy prices slide amid supply outlook

[18 October/Otago Daily Times] The Global Dairy Trade (GDT) price index fell 1 percent to USD3204 at the Global Dairy Trade auction. This is the sixth time in nine auctions the price has declined, amid bets on sufficient supply. An estimated 35,669 tonnes of product were sold, down from 37,990 tonnes at the previous auction...

Dairy product prices inch higher as milk fats gain while milk powders fall

[6 September/ NZ Herald] Dairy product prices have increased at the Global Dairy Trade auction, as gains in milk fats offset a decline in milk powders. The GDT price index rose 0.3 percent from the previous auction to USD$3,323, with 33,501 tonnes of product sold. Whole milk powder declined 1.6 percent to USD3, 100 a...

Dairy product prices down again

[16 August/Otago Daily Times] The result of the latest Global Dairy Trade auction showed a further easing in prices, the fourth in the last five auction events. The index fell 0.4% to an average price of USD3,339 with 32,260 tonnes of product being sold. The key whole milk powder price fell 0.6% and falls were...

Dairy product prices continue climb

 [17 May/ Otago Daily Times] Dairy product prices rose at the Global Dairy Trade auction, increasing for the fifth consecutive time. The GDT price index increased to USD3,313 being a 3.2 percent gain from the previous auction two weeks ago. 21,236 tonnes of product was sold, compared to 22,633 tonnes at the previous auction. Whole...

Low price impact on milk production slight

 [15 November/ Otago Daily Times] According to figures released by DairyNZ and LIC, the lowest milk prices seen in over 20 years only reduced New Zealand milk production by 1.5 percent nationally. There were 52 fewer herds and 20,522 fewer cows than in 2014-15, but each cow produced a near record 373 kilograms of milk...

Milk Price surges to highest point in 2 years

 [2 November/ NZ Herald] The average dairy price increased by 11.4 percent to USD 3,327 per tonne at the recent Global Dairy Trade auction. The price of whole milk powder, which heavily influences payments to New Zealand farmers, rose by 20 percent to USD 3,317 per tonne. Westpac increased its farm gate milk price forecast...

NZX futures signal whole milk powder prices will snap two declines at this week’s GDT

 [17 October/ NZ Herald] The price for whole milk powder, which heavily influences payments to New Zealand farmers, was expected to increase at this week’s Global Dairy Trade auction according to the NZX futures market. Whole milk powder futures for October last traded at USD 2,800 per tonne, implying that prices at the Global Dairy...

Dairy product prices inch up, whole milk powder slips

[21 September/ National Business Review] The average dairy price increased by 1.7 percent from USD 2,920 to USD 2,975 at the recent Global Dairy Trade auction. The price of whole milk powder, which heavily influences payments to New Zealand farmers, fell by 0.2 percent to USD 2,782 per tonne. AgriHQ Dairy Analyst, Amy Van Ossenbruggen...

Supply the key to whether the “mini-boom” in dairy prices continues

 [7 September/ National Business Review] The average dairy price increased by 7.7 percent at the recent Global Dairy Trade auction. The price of whole milk powder, which heavily influences payments to New Zealand farmers, rose by 3.7 percent to USD 2,793 per tonne. BNZ Economist, Doug Steel said the increases at the past three auctions...

Dairy prices expected to lift, profit farmers

[3 September/ NZ Herald] Futures trading has indicated that the price for whole milk powder would rise by 5 to 10 percent at this week’s Global Dairy Trade auction, following an 18.9 percent rise at the previous auction on 17 August and a 9.9 percent increase in the one before that. Futures pricing suggested whole...

New trading platform set up

[26 August/ NZ Herald] Global Dairy Trade has launched a platform that is designed to operate 24/7 and offer global sales of dairy products in smaller quantities than its fortnightly auctions. Global Dairy Trade Director, Eric Hansen said the organisation realised that there was an opportunity to provide a complimentary dairy trading platform that offered...

Glass half full for dairy after price lift

[17 August/ Radio NZ Rural] The average dairy price increased by 12.7 percent at the recent Global Dairy Trade auction. The price of whole milk powder, which heavily influences payments to New Zealand farmers, rose by 18.9 percent to USD 2,695 per tonne. AgriHQ Dairy Analyst, Susan Kilsby said dairy farmers could finally have break...

Farmers show resilience as low price for milk persists

[17 June/ NZ Herald] Prices at the Global Dairy Trade auction have remained steady, with the exception of whole milk powder which dropped by 4.5 percent to USD 2118 per tonne. ANZ Bank Rural Economist, Con Williams said the next few auctions for whole milk powder were likely to be important in determining the trend...

Dairy product prices steady, whole milk powder drops

[16 June/ NZ Herald] Dairy product prices were steady at the Global Dairy Trade auction, with the price index increasing slightly from USD 2,329 to USD 2,339 per tonne. Despite the overall stability, the price of whole milk powder, which helps determine the milk prices paid to New Zealand farmers, decreased by 4.5 percent to...

World dairy prices start new season with 3.4pc lift at GDT auction

[2 June/ NZ Herald] Dairy prices increased at the latest Global Dairy Trade auction with the price index rising 3.4 percent. The price of whole milk powder, the key determinant in Fonterra’s farmgate milk price, decreased by 1.7 percent to USD 2205 per tonne. AgriHQ Dairy Analyst, Susan Kilsby said the weaker whole milk powder...

World dairy prices rise for second time in 2016

[6 April/ NZ Herald] Dairy prices rose at the Global Dairy Trade auction for just the second time in 2016, with the price index increasing by 2.1 percent. Whole milk powder rose by 1.5 percent to USD 2,013 per tonne. AgriHQ Dairy Analyst, Susan Kilsby said it was a pleasant surprise to see some prices...

Dairy prices likely to fall further in auction, experts say

[4 April/ NZ Herald] OM Financial Markets Director, Nigel Brunel said he would not be surprised to see dairy prices fall at the next Global Dairy Trade auction. ANZ Agri Economist, Con Williams said China’s February imports were low, dairy stocks were high in the United States, and milk production in Europe continued to grow....

Milk price here for rest of 2016

 [17 March/ Otago Daily Times] A 2.9 percent overall fall in the Global Dairy Trade auction and a 0.8 percent decrease in the whole milk powder price has dashed hopes of a rise in global dairy prices. The fall came after the first positive result for the year in the previous auction. ASB Rural Economist,...

KPMG partner sees glass half full when looking at agri industry

[24 February/ Rural News] KPMG Global Head of Agriculture, Ian Proudfoot said the media have adopted the dairy industry, or more specifically, the Global Dairy Trade auction results, as their proxy for the success or otherwise of the New Zealand primary sector. Mr Proudfoot explained that kiwifruit had recovered quickly from the Psa disease, beef...

Dairy prices end four-sale winning streak

[21 October/ NZ Herald] Having increased in each of the last four sales, the latest GlobalDairyTrade auction recorded an overall 3.1% reduction and saw the New Zealand dollar fall as a result.  Whole Milk Powder prices, the key product that drives Fonterra’s farmgate milk price, fell 4.6% to an average price of USD2,694 per tonne...