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Global Dairy Trade auction softens slightly


Global Dairy Trade auction softens slightly
16 Mar, 2021 05:01 PM
2 minutes to read
The Country
Prices in the latest Global Dairy Trade auction have softened slightly, with a 3.8 per cent drop across the board.
Leading the decline, Whole Milk Powder - which has the biggest influence on Fonterra s farmgate milk price - fell 6.2 per cent to an average US$4,083/MT.
Butter also fell 2.8 per cent to an average US$5,659/MT.
All other reference products were up, however, with Skim Milk Powder - Fonterra s second biggest reference product - up 0.7 per cent to an average US $3,350/MT.
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Lactose posted the biggest lift - up 8.6 per cent to an average US$1,392/MT, followed up Anhydrous Milk Fat, which rose 3.7 per cent to an average US$6,155/MT. ....

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Shock leap in Global Dairy Trade auction overnight


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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Positive run continues in Global Dairy Trade auctions


Positive run continues in Global Dairy Trade auctions
2 Feb, 2021 05:30 PM
2 minutes to read
The Country
The dream run has continued for the dairy industry with the sixth positive Global Dairy Trade auction in a row.
Prices rose 1.8 per cent across the board in last night s event, which attracted 103 winning bidders for the 28,707MT of product on offer.
Whole Milk Powder - the biggest influencer on Fonterra s Farmgate milk price - backed up a 7.0 per cent gain in the previous event, with a further 2.3 per cent rise to an average US$3,458/MT.
Meanwhile Skim Milk Powder, the second biggest reference product for Fonterra, experienced the only fall - down 1.5 per cent to an average US$3,198/MT. ....

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