Primary Sector

Dairy prices look to have peaked

Rebecca Howard
Wed, 04 May 2022

Dairy prices look to have peaked
Fall in overnight GDT auction took market by surprise. (Image: Getty)
Rebecca Howard
Wed, 04 May 2022
Dairy prices tumbled 8.5% in the overnight Global Dairy Trade (GDT) auction and analysts say they likely peaked in March. It was the fourth consecutive fall in the GDT index and the biggest fall in nearly seven years.Whole milk powder prices were down 6.5% overall to US$3,916 (NZ$6,075) a tonne, the first time they have dipped below US$4,000 since January.  WMP prices hit US$4,757/t on March 1.  Other data also pointed to a downtrend. The ANZ NZ Commodity Price Index eased 1.9% in April, weighed by a 4% fall in dairy prices....

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.