Global dairy prices rebound as north Asia buyers return

Global dairy prices rebound as north Asia buyers return
NZ's milk production is also running well ahead of last year as well. (Image: Getty)
Riley Kennedy
Global dairy prices have bounced back after a Christmas and New Year drop.The average price at Tuesday night’s Global Dairy Trade (GDT) auction lifted 1.4% to US$4,146/MT (NZ$7,316).It was the first auction since Dec 3, when the average price lifted, followed by drops on Dec 17 and Jan 7.There was also 8% less volume sold, with 27,785 tonnes of product changing hands compared to just over 30,100 tonnes on Jan 7.Whole Milk Powder (WMP), were buoyed going into the Christmas break, driven by Chinese stockpiling.WMP, which has the b...

More Primary Sector

Meet NZ’s top ‘fish cop’ Steve Ham
Primary Sector

Meet NZ’s top ‘fish cop’ Steve Ham

Protecting NZ’s fisheries resources is his life’s work. 

Jem Traylen 06 Feb 2025
Zhiqiang Li takes helm as acting CEO of Westland Milk Products
Primary Sector

Zhiqiang Li takes helm as acting CEO of Westland Milk Products

Zhiqiang Li has taken the helm as acting chief executive of Westland Milk Products, effective today.The move follows the resignation of former CEO Richard Wyeth.Li will continue as executive director of Yili Group in Australia and New Zealand.Li said Wyeth joined the company four...

Rebecca Howard 31 Jan 2025
Coal and gold added to critical minerals list
Finance

Coal and gold added to critical minerals list

Banks and insurance companies threatened with regulatory retaliation if they block mining.

Ian Llewellyn 31 Jan 2025