Whole milk powder rises 3.6% on strong demand

Margreet Dietz
Wed, 06 Nov 2019

Margreet Dietz
Wed, 06 Nov 2019
Dairy product prices rose at the Global Dairy Trade auction, bolstered by strong appetite for milk powder. The GDT price index rallied 3.7 percent from the previous auction three weeks ago. It was the fourth consecutive gain. The average price was US$3,446 a tonne, compared with US$3,330 a tonne three weeks ago. Some 38,681 tonnes of product was sold, down from 38,712 tonnes three weeks ago.Whole milk powder climbed 3.6 percent to US$3,254 a tonne.“These results are likely due to strong demand continuing from key markets, and some flatteni...
Policy
Auckland Council needs to fill $750m shortfall
Brent Melville | Wed, 15 Jul 2020

Auckland Council is facing a "larger than expected" fiscal hole of $750 million this year, including a provision of $224 million to shore up its creaking water infrastructure. In announcing its dec...

Retail
Ardern hints at mandatory contact tracing for businesses
Victoria Young | Wed, 15 Jul 2020

Prime Minister Jacinda Ardern today warned businesses to encourage contact tracing or she might force it upon them. “My message to businesses is to put that poster up. We’ve always said it was volu...

Economy
GAVIN EVANS: Southland jobs sacrificed to confused energy policy
Gavin Evans | Wed, 15 Jul 2020

The 2,600 jobs to be sacrificed in Southland next year are a high price to pay for confused energy policy and a multi-decade decline in this country’s economic ambitions. Despite the writing being...