Global dairy prices bounce in latest auction

Global dairy prices bounce in latest auction
(Image: Getty)
Rebecca Howard
Global dairy prices rebounded in the overnight auction, snapping three consecutive falls. The Global Dairy Trade (GDT) index lifted 3.2%, boosted by a 3.8% gain in whole milk powder prices.Whole milk powder – which has the biggest influence on Fonterra’s milk price – sold at an average US$3,329 (NZ$5,288) a tonne.“Significant price gains across each contract period highlights that buyers were chasing product across the board,” said NZX dairy insights manager Stuart Davison. The lift will add to the view t...

More Primary Sector

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees
Primary Sector

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees

The port says it's working with KiwiRail on 'long-term arrangements'. 

Oliver Lewis 04 Jul 2025
BX Foods settles director disputes, posts $7.9m loss
Primary Sector

BX Foods settles director disputes, posts $7.9m loss

The Chinese-owned food company removed three executives, alleging fiduciary breaches.

Riley Kennedy 03 Jul 2025