Global dairy prices end NZ season on a high note

(Image: Getty)

Wed, 22 May 2024

Global dairy prices have ended the current season on a positive note.The GDT price index rose 3.3% to an average price of US$3,861 (NZ$6,333) a metric tonne (MT) in the fortnightly Global Dairy Trade (GDT) auction, the last of the New Zealand season.Compared to the first auction of the season, the index is now 14% ahead of where it started having recovered from five-year lows in August.The NZ dairy season ends on May 30. Most farmers will dry off their cows ahead of calving in July, unless they have a winter milking contract.Next week, Fonterra...

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