Shock leap in Global Dairy Trade auction overnight
2 Mar, 2021 04:34 PM
3 minutes to read
The Country
Kiwi dairy farmers could be forgiven for thinking that the decimal point was in the wrong place, when viewing the latest Global Dairy Trade auction results this morning.
Prices across the board in last night s auction leapt an incredible 15.0 per cent to an average US$4,231/MT.
It s the eighth increase in a row, and the eleventh out the last twelve auctions.
But, unbelievably, the news got even better for farmers from there.
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The largest gain sprung from the crucial Whole Milk Powder (WMP) index, which has the biggest impact on Fonterra s Farmgate milk price and shot up 21.0 per cent to an average US$4,364/MT - the highest price for WMP since May 2014.
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You share more of the words you just cannot pronounce correctly There’s a Bee Gees biopic in the works and a Hollywood A-listers could play Barry Gibb! From facebook: your […]
You share more of the words you just cannot pronounce correctly There’s a Bee Gees biopic in the works and a Hollywood A-listers could play Barry Gibb! From facebook: your […]