Markets Market Open

Dairy prices start 2021 with a bang

Rebecca Howard
Wed, 06 Jan 2021

A hefty rise in global dairy prices will see the kiwi dollar push higher as demand for New Zealand's main export commodity remains strong.Dairy commodity prices jumped 3.9 percent at the Jan. 5 Global Dairy Trade event overnight, with whole milk powder lifting 3.1 percent and skim milk powder up 4.1 percent.“Dairy commodities have started 2021 with a bang,” said NZX senior dairy analyst Amy Castleton.“This whole milk powder price is higher than any result seen at GDT through 2020. Strong demand across all contract periods...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation FREE

Stuff's secret shutdown deadline revealed

Victoria Young | Thu, 28 Jan 2021

Release of redacted judgment shows how close media company came to closing.

Listed Companies

Trustpower toys with selling its customer base

Staff reporters | Thu, 28 Jan 2021

Trustpower is the latest Infratil-controlled asset under review.

Property FREE

Auckland, Wellington rentals now pricier than Sydney

Brent Melville | Thu, 28 Jan 2021

Rental prices are keeping pace with house prices, and tenants in Auckland and Wellington are bearing the brunt.

Dairy prices start 2021 with a bang

Not convinced yet?

Your company has a subscription

Team