Dairy auction fiercely bid but storm clouds gathering

Dairy auction fiercely bid but storm clouds gathering
(Image: Getty)
Rebecca Howard
Dairy prices were stronger than expected in the overnight Global Dairy Trade auction, but storm clouds may be gathering.After fierce bidding, the overall index price rose 4.2% to an average of US$ 3,571 (NZ$5,874) – the largest increase since October last year, New Zealand stock exchange (NZX) dairy analyst Rosalind Crickett said.The results of this auction “comfortably surpassed most expectations”, she said.The NZX-SGX derivatives markets had predicted flat to bearish results all around.ANZ Bank had tipped a 2% lift.“Gl...

More Primary Sector

Spring Sheep’s Nick Hammond off to Zespri
Primary Sector

Spring Sheep’s Nick Hammond off to Zespri

He will be replaced at the sheep dairy business by Thomas MacDonald.

Riley Kennedy 30 Oct 2025
Zespri harvests record NZ crop
Primary Sector

Zespri harvests record NZ crop

Kiwifruit marketing company Zespri said this season’s New Zealand crop of around 215 million trays, or more than 770,000 tonnes, has been the largest yet.“Even with a significant increase in volume, from more than 195 million trays last season to 215 million this year, our market...

Rebecca Howard 30 Oct 2025