Whole milk powder prices plunge in dairy auction

Whole milk powder prices plunge in dairy auction
(Image: Getty)
Rebecca Howard
Global dairy prices fell sharply overnight, which doesn’t bode well for this season’s forecast milk price payout.The Global Dairy Trade (GDT) index fell 4.3% versus the prior auction two weeks ago.The GDT price index is calculated from the total quantity sold in a trade event across all products, contract periods and sellers.The index currently stands at 918, which is the lowest it has been since September 2020.'A large fall'Whole milk powder, which has the biggest influence on Fonterra’s milk price, plunged 8.0% to US...

More Primary Sector

Rayonier exits NZ with $1.2b forestry sale
Primary Sector

Rayonier exits NZ with $1.2b forestry sale

An investment firm bought the stake, which included 116,145 hectares of forestry.

John Anthony 14 Mar 2025
Wools of NZ reaches profitability
Primary Sector

Wools of NZ reaches profitability

A $1.4 million loss has turned into a profit.

Staff reporters 13 Mar 2025
Grasslanz Technology supreme winner at science awards
Primary Sector

Grasslanz Technology supreme winner at science awards

The company's ryegrass-protecting technology has an estimated economic value of $3.6b.

Staff reporters 13 Mar 2025
Fonterra's management reshuffled
Primary Sector

Fonterra's management reshuffled

Richard Allen has had his ingredients remit expanded.

Riley Kennedy 12 Mar 2025