Dairy prices hit record on tight supply, Ukraine jitters

Dairy prices hit record on tight supply, Ukraine jitters
Cheddar prices soared 10.9%. (Image: Deposit Photos).
Rebecca Howard
Global dairy prices hit their highest level ever on tight supply and fall-out from the Ukraine crisis. “This train isn’t slowing down,” said NZX dairy insights manager Stuart Davison.The GDT index lifted 5.1% to an average price of US$5,065 (NZ$7,509). Whole milk powder rose 5.7% to US$4,757 while cheddar rose 10.9% to $6,394.The GDT price index eclipsed both events in April 2013, the previous two largest GDT price index results.The higher prices were “propelled by dwindling milk supplies, market uncertainty around...

More Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down
Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down

He won't go until the annual meeting in September, however.

Riley Kennedy 02 May 2024
John Penno quits Synlait board as George Adams elected chair
Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 01 May 2024
NZ startup Jooules is turning CO2 into protein
Primary Sector

NZ startup Jooules is turning CO2 into protein

Jooules’ fermentation tech aims to mitigate world hunger and climate change.

Ben Moore 01 May 2024
Restless farmers want change at the Dairy Goat Co-op
Primary Sector

Restless farmers want change at the Dairy Goat Co-op

The chief executive’s been replaced, now they want the chair to follow.

Riley Kennedy 30 Apr 2024