Santa delivers festive boost for dairy farmers

The Global Dairy Trade auction saw improved demand from China for NZ dairy products and solid support from Southeast Asian buyers. (Image: Getty)

Riley Kennedy

Thu, 21 Dec 2023

Global dairy prices have received a final boost for the year, providing much-needed cheer for farmers going into the festive season.Prices at Wednesday’s Global Dairy Trade (GDT) auction – the last for the calendar year – rose 2.3% across the board.But, most importantly, whole milk powder – which has the biggest influence on the farmgate milk price and makes up roughly half the auction by volume – increased 2.9% to US$3,207 (NZ$5,113) a tonne.Skim milk powder – the second biggest influence – declined 1....

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