Posts tagged "GlobalDairyTrade"

Global dairy prices drop 1.1 percent

[2 May/Radio NZ] Dairy prices fell in the largest GlobalDairyTrade auction. The average price decreased 1.1 percent. The price of whole milk powder was down 1.5 percent, however there were gains in the price of skim milk powder and cheese. Rabobank Dairy Analyst, Emma Higgins said the drop was not overly concerning. She added that...

Dairy industry expects big day tomorrow

[20 March/Otago Daily Times] The most recent GlobalDairyTrade auction will be followed by the interim reports of both Fonterra and Synlait. Craigs Investment Partners Broker, Chris Timms, said prices were up 12.2 percent from the lows in December and were back at similar levels to the middle of last year. He added that most economists...

Fonterra milk price remains steady as prices hold at GDT

[20 February/The Country] After the recent GlobalDairyTrade auction, Fonterra’s farmgate milk price forecast for 2017/18 looked likely to remain intact. Whole milk powder prices rose by 0.3 percent which represented a fourth gain in a row since falling in December. According to economists, as the end of the season approaches and with 80 percent of...

Dairy prices buoyed by stockpile bid

[8 February/The Country] International dairy buyers concerned about a New Zealand production downturn have buoyed global dairy prices, as they seek to stockpile product. At the fortnightly GlobalDairyTrade auction, prices rose an average of 5.9% across all products, while the crucial whole-milk powder trade was up 7.6%. ASB rural economist, Nathan Penny, said the recent...

Global dairy prices up again

[6 February/Radio New Zealand Business] The latest GlobalDairyTrade auction recorded a third consecutive increase in prices.  The index price increased by 5.9% to USD3,553 a tonne and it is now at its highest point in four months.  The key whole milk powder price climbed 7.6% and has reached its highest point in eight months.  Volumes...

Fonterra’s GlobalDairyTrade investigates European tie-up

[5 September/ NZ Herald] Fonterra Cooperative Group’s online auction platform GlobalDairyTrade is looking at a tie-up with the European Energy Exchange to extend the dairy offering available in the region. A letter of intent has been signed by both parties to investigate whether a joint venture should be set up establishing and operating an auction...

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...

WMP lift against auction trend

[6 July/ Otago Daily Times] In this week’s GlobalDairyTrade auction, whole milk powder increased 2.6 percent, against an overall 0.4 percent decline. This went against futures prices before the auction, predicting whole milk prices to decrease 2 percent. The WMP increase cancelled out the previous auction’s 3.3 percent drop and ASB Senior Rural Economist Nathan Penny...

Whole Milk Powder leads fall in dairy prices

 [22 June/ NZ Herald] Dairy prices posted their first decrease since early March in this week’s GlobalDairyTrade auction with an overall price fall of 0.8 percent led by a 3.3 percent fall in the whole milk powder price. ASB Senior Rural Economist Nathan Penny said the whole milk powder decrease might be due to better-than-expected...

Dairy prices rise again at latest auction

 [4 May/ Otago Daily Times] Dairy prices have reached their highest level since early February, increasing 3.6 percent in this week’s GlobalDairyTrade auction. Whole milk powder prices increased 5.2 percent and strong demand for milk fat increased anhydrous milk fat and butter prices. Skim milk powder decreased 0.9 percent. Westpac Economist Sarah Drought said dairy...

Global dairy prices rise again

[19 April/ Radio New Zealand Rural] The latest GlobalDairyTrade auction resulted in the average price increasing 3.1% of USD3,139 per tonne, the third consecutive increase.  The key Whole Milk Powder gained 3.5% to USD2,998 per tonne while skim-milk powder, butter and cheddar cheese prices also made gains overnight.  Rabobank analyst, Emma Higgins, said global dairy...

Futures market picking milk powder price rise

[15 April/ New Zealand Herald] Futures market pricing is expecting a sharp increase in whole milk powder prices at this Wednesday’s GlobalDairyTrade auction. Whole milk powder prices increased higher in NZX futures trading this week, with traders betting on a cut back on production next season due to heavy rain. Dairy Futures Broker at OM...

Small rise in dairy prices

[6 April/ Otago Daily Times] In this week’s GlobalDairyTrade auction, overall prices lifted 1.6 percent, with a similar rise at the previous auction. Whole milk powder prices were up 2.4 percent, casein up 6.9 percent and anhydrous milk fat increased 2.5 percent. Skim milk powder decreased 0.8 percent. ASB Senior Rural Economist Nathan Penny said...

Fonterra payout forecast pared back as dairy prices tumble

 [8 March/ New Zealand Herald] The most recent GlobalDairyTrade event saw the price index fall 6.3 percent to $5,048, its lowest level since last November.  The dairy price fall has caused economists to cut current season Fonterra milk pay-out forecasts to farmer shareholders. Whole milk powder fell 12.4 percent to US$2,782 a tonne.  ASB Bank...

World dairy prices edge lower at GDT auction

 [6 July/ NZ Herald] The results of the latest GlobalDairyTrade auction saw the price index fall by 0.4% on the last sale, with whole milk powder prices falling 1.6% to US$2,062 per tonne.  Prices increased by 2.6% of skim milk powder.  This auction and the next couple of events are considered by economists to be...

Fonterra’s forecast under threat?

 [20 January/ Radio NZ Rural] Fonterra’s forecasted milk price of $4.60 per kilogram of milk solids is under increased pressure after another fall in the latest GlobalDairyTrade auction. The overall dairy price index fell 1.4 percent to USD 2,405 a tonne, while whole milk powder prices dropped by 0.5 percent to USD 2,188. AgriHQ Dairy...

Fonterra $4.60 milk payout in doubt

[7 January/ Otago Daily Times] Fonterra’s farmgate payout of $4.60 per kilogram of milksolids appears to be in doubt after whole milk prices fell by 4.4 percent at the first GlobalDairyTrade auction of the year. Westpac Senior Economist, Anne Boniface warned that the current El Nino weather pattern could impact New Zealand milk production. Ms...

Fonterra’s forecast payout under pressure

[18 November/ Radio NZ Rural] Dairy prices have fallen for the third consecutive time at the recent GlobalDairyTrade auction, with whole milk powder falling by 11 percent to USD 2,148 per tonne. The overall index also fell by 8 percent to USD 2,345. NZX AgriHQ Dairy Analyst, Susan Kilsby said the latest fall will put...

Dairy prices bounce back

[4 February/ NZ Herald] The most recent GlobalDairyTrade auction delivered a 9.4 percent increase in prices, driven by concerns about supply levels as a result of dry conditions. Whole milk powder prices increased 19.2 percent to USD 2,874, but remain short of the USD 3,500 necessary for the co-operative to deliver its current forecast of...

Prices rise at latest dairy auction

[8 January/ NZ Herald] The GlobalDairyTrade index gained by 3.6 percent in the first auction of 2015. Whole milk powder prices increased by 1.6 percent to USD 2,307, short of the USD 3,000 required by April for the Fonterra Co-operative Group to reach its $4.70 per kilogram milk price forecast. Skim milk powder increased by...

Farmers fear further fall in milk price

[20 November/ Otago Daily Times] Overall prices at the GlobalDairyTrade auction declined 3.1 percent during the most recent auction event, with whole milk powder and skim milk powder failing in excess of 5 percent. Casein prices declined over 12 percent, while anhydrous milk fat, batter, butter milk powder and cheddar all increased by between 1.4...

Disbelief as milk forecast drops again

[11 November/ NZ Farmer] New Zealand’s second biggest milk processor, Open Country Dairy has told farmers to prepare for a reduced payout in the $4.70 to $4.90 range, while Canterbury processor, Synlait is forecasting a payout of $5.00 per kilogram. On a trade-weighted basis, the GlobalDairyTrade price index dropped 0.3 percent, with volume reducing from...

Price forecast tipped to fall by up to $1.50

[18 September/ Otago Daily Times] ASB and Westpac has downgraded their milk price forecast to $5.30, while ANZ said it could see prices as low as $4.50. Along with the bumper global production and reduced demand, the additional pressure from the Russian import ban have further reduced prices. Westpac senior economist, Anne Boniface said that...

Dairy prices slip to two-year low

[20 August/ NZ Herald] Based on GlobalDairyTrade auction main price index declining by only 0.6 percent, ANZ Bank rural economist, Con Williams said that there were early signs of stabilisation in the dairy market. The overall GlobalDairyTrade average price declined to USD 3,000 from USD 3,025 two weeks ago. However, this included a 3.4% increase...