Global dairy price index crashed by 7.4%
Dairy prices crashed to their lowest levels in nearly five years at the Global Dairy Trade auction overnight, led by a 10.9 percent fall in the price of whole milk powder. The average price fell 7.4 percent to US$2875 (NZD$4830) a tonne. The price of whole milk powder, which strongly affects the payout for local […]
Fonterra slashes milk price forecast as demand slumps
Fonterra has slashed its forecast milk price for the 2023/24 season by $1 as demand slumps. On Friday the co-operative announced a revised farmgate milk price range of $6.25 to $7.25 per kilogram of milk solids, with a mid-point of $7 per kgMS. In May Fonterra said it expected to pay farmers between $7.25 and $8.75 […]
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 […]
Arguing against free markets is actually disbelieving freedom itself
I have been hearing the seminal quote by Mahatma Gandhi in Indian context that “Mass Production is production by masses” since I started my career in the dairy industry. It’s almost four decades and even today I find most of the policies are oriented towards protecting the farmers. I am unable to decipher at times […]
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 […]
Dairy prices unchanged, volumes drop at auction – GDT events
International milk prices were unchanged while volumes fell on Tuesday in the second Global Dairy Trade (GDT) auction of the month. The GDT Price Index remained flat, with an average selling price of $3,479 per tonne. The index fell 0.9% at the previous auction held on June 6, with an average selling price of $3,399, […]
China’s continued absence from dairy market weighs on milk prices
China’s continued absence from the dairy market is continuing to undermine a recovery in milk prices. Despite this, both IFA and ICMSA have warned milk processors that farmers cannot afford any further cuts to milk price and believe the market has recovered. It comes as Ornua said its returns declined again in May based of […]
Global dairy price index tumbles down again by 0.9%
Global Dairy Trade Event 333 concluded with the GDT Price Index down 0.9% on June 6th 2023. It has been second consecutive fall by almost the same magnitude of 0.9%. Apart from Cheese which is showing a strong growth no other commodities could impress with prices. Key Results AMF index up 1.8%, average price US$4,728/MT Butter index up […]
Dairy prices, volumes fall at auction – GDT events
nternational milk prices and volumes fell in this month’s second Global Dairy Trade (GDT) auction on Tuesday. The GDT Price Index was down 0.9%, with an average selling price of $3,488 per tonne. The index rose 2.5% at the previous auction held on May 2, with an average selling price of $3,506, according to GDT […]
