Whole milk powder leads drop in dairy auction prices

Whole milk powder leads drop in dairy auction prices
Margreet Dietz
Prices dropped at the latest Global Dairy Trade auction, led by steep slides in milk powder. The GDT price index fell 5.1 percent from the previous auction two weeks ago. The average price was US$3,302 a tonne, compared with US$3,467 a tonne two weeks ago. Some 35,748 tonnes of product was sold, down from 36,258 tonnes two weeks ago.“The latest GDT dairy auction wasn’t so flash, with a larger fall than expected,” Jason Wong, senior market strategist at BNZ in Wellington, said in a note.“This follows a decent move higher in dairy prices and...

More Primary Sector

Fonterra’s $4.2b Mainland vote set for smooth finish
Primary Sector

Fonterra’s $4.2b Mainland vote set for smooth finish

It’s the second significant vote in the primary sector to be held in recent weeks.

Ikea’s forest chequebook far from closed on NZ soil
Primary Sector

Ikea’s forest chequebook far from closed on NZ soil

It has spent more $600 million on 30,000 hectares so far.

Riley Kennedy 28 Oct 2025
US$411b on the table: will NZ claim a slice?
Primary Sector

US$411b on the table: will NZ claim a slice?

Infrastructure will be a major focus of the NZ EU Summit, but Ukraine might be too.

Dileepa Fonseka 24 Oct 2025
Fonterra windfall brings risks: ASB
Primary Sector

Fonterra windfall brings risks: ASB

Farmers will vote for the Lactalis deal on Oct 30.

Rebecca Howard 24 Oct 2025