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Dairy commodity prices rally
17 January 2018
Dairy commodity prices bounced back exceptionally well at the Global Dairy Trade (GDT) auction overnight, as buyers start to take note of weaker milk production from NZ.
Milk powder prices to lift at GDT
15 January 2018
The NZX Dairy Derivatives market expects further increases in milk powder prices at the January 16 Global Dairy Trade (GDT) event. Lower supply levels from NZ as dry conditions continue to impact milk flows should help to support prices – at least for whole milk powder (WMP), where NZ is the key supplier.
Futures prices up slightly
15 January 2018
Prices for dairy commodity futures trading on the NZX Dairy Derivatives market lifted last week.
Fonterra reduces offer volumes further
11 January 2018
Fonterra has decreased its Global Dairy Trade (GDT) offer volumes again – for the second time in as many events. It said the reduction in volumes is driven by the impact of dry weather on milk flows. NZ has been very dry since late 2017, and while there has been some rain this week, more rain is still needed for pastures to recover from their current poor condition, and therefore for milk production to improve.
Dairy prices lift as milk volumes tighten
3 January 2018
Dairy commodity prices lifted at the first Global Dairy Trade (GDT) event of the year, on news that milk intakes from NZ will be lower than previously expected. The GDT Price Index lifted 2.2% pushed up by the higher prices received for milk powders. Last week Fonterra announced that it now expects its milk intakes for the 2017-18 season to be about 4% lower than last season as dry conditions limit pasture production. It also advised that it had started to reduce the volume of whole milk powder (WMP) available on the GDT platform in response to the lower outlook for its milk supply.
Whole milk powder price expected to rise
29 December 2017
Whole milk powder (WMP) prices are expected to lift at the January 2 Global Dairy Trade (GDT) event.
Fonterra cuts whole milk powder offerings
28 December 2017
Fonterra has reduced the volume of whole milk powder (WMP) that it plans to sell via Global Dairy Trade (GDT) due to dry weather limiting milk supply. Cheddar and casein offerings have also been cut back.
Dairy commodity prices retreat
20 December 2017
A sharp drop in prices at the Global Dairy Trade (GDT) auction held overnight was not the result NZ farmers were looking for ahead of Christmas. The GDT Price Index fell 3.9%, its largest drop since early March.
GDT expected to deliver mixed results
18 December 2017
Results at this week's Global Dairy Trade auction are expected to be mixed. A lift in whole milk powder (WMP) prices is expected while skim milk powder (SMP) prices are expected to fall.
Fonterra lifts AMF volumes
14 December 2017
Fonterra has increased its offer volumes on the Global Dairy Trade (GDT) platform over the next 12 months, reflecting an increase in its offer volumes of skim milk powder (SMP) and anhydrous milkfat (AMF).
