Dairy index falls on weaker butter, milk fat demand

Dairy index falls on weaker butter, milk fat demand
Margreet Dietz
Product prices were mixed at the Global Dairy Trade auction amid lower appetite for milk fats.The GDT price index fell 0.5 percent from the previous auction two weeks ago, its first decline since early September. The average price was US$3,467 a tonne, compared with US$3,481 a tonne two weeks ago. Some 36,258 tonnes of product was sold, down from 37,968 tonnes two weeks ago.“The decrease was driven by reduced demand for milk fats which offset strong prices continuing for milk powders,” NZX dairy analyst Robert Gibson said in a note.Whole milk p...

More Primary Sector

Pāmu narrows profit forecast, expects record year
Primary Sector

Pāmu narrows profit forecast, expects record year

Its record year was foreshadowed last month. 

Riley Kennedy 24 Jul 2025
Beefed-up tariffs on Brazil no threat to NZ’s pricing
Primary Sector

Beefed-up tariffs on Brazil no threat to NZ’s pricing

NZ is a high-value premium producer of beef, as opposed to Brazil.

Riley Kennedy 24 Jul 2025
Northland targets $60b regional economy by 2050
Primary Sector

Northland targets $60b regional economy by 2050

The bullish goal represents a six-fold increase over 2024 figures.

Oliver Lewis 24 Jul 2025
Global meat demand surges, but NZ’s supply is lagging
Primary Sector

Global meat demand surges, but NZ’s supply is lagging

It could be costing NZ hundreds of millions of dollars in lost export revenue.

Riley Kennedy 23 Jul 2025