Global dairy prices fall at latest auction

Global dairy prices fall at latest auction
(Image: Getty)
Riley Kennedy
The Global Dairy Trade (GDT) index has hit a near three-year low as prices headed south yet again at the latest auction overnight.It declined 1% to 959 – the lowest since September 2020 when the index hit 947.The average price at Wednesday’s fortnightly auction was US$3,289 (NZ$5,241) per metric ton (MT), with just under 26,000MT sold.In total, 148 bidders participated in the auction, with 118 winning bidders across 14 rounds of bidding.It’s the third auction of the new dairy season, with prices dipping at each one. The index...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024
Greyhound racing to end
Primary Sector

Greyhound racing to end

Winston Peters says it will be phased out over 20 months.

Riley Kennedy 10 Dec 2024