dairy season | GDT prices leap into new dairy season

Discover the latest in dairy market dynamics: Strong auction signals promising start to New Zealand’s 2024-25 dairy season.

Global Dairy Trade began the New Zealand 2024-25 dairy season with a strong auction for milk powder sales from a wide distribution of buyers.

The GDT index rose 1.7%, which was the third consecutive GDT lift, helped by skim milk powder up 3% and whole milk powder up 1.7%.

Six of the seven commodities offered rose in price, including buttermilk powder, up 10.4%, butter, up 1.7%, anhydrous milk fat, up 0.9% and cheddar, up 0.2%.

Lactose was the only fall, down 1.9%.

The milkfat products continue their recent strength, with AMF now setting a new record at US$7417/tonne and butter $6864, very close to its recent record high of $7000 in early-2022.

AMF is now 58% higher than a year ago and butter is 28% higher.

NZX dairy analyst Rosalind Crickett said the futures market had been expecting higher prices for milk powders and lower for milkfats, so was therefore half right.

“The milkfat group face short-term supply constraints so, all things considered, the GDT results are in line with our expectations.”

WMP buying strength was in southeast Asia and Oceania and the SMP demand was from Europe.

You can now read the most important #news on #eDairyNews #Whatsapp channels!!!

🇺🇸 eDairy News INGLÊS: https://whatsapp.com/channel/0029VaKsjzGDTkJyIN6hcP1K

Look also

NZ’s dairy industry faces an uncertain future – its fate now lies in its ability to adapt

New Zealand’s dairy sector faces an uncertain future due to several challenges, including water pollution, high emissions, animal welfare concerns and market volatility.

You may be interested in

Tasmania’s premier accuses Saputo of trying to kill off King Island Dairy brand, rather than sell

NZ’s dairy industry faces an uncertain future – its fate now lies in its ability to adapt

Ireland tops EU poll for ‘sharpest’ milk price increase in 2024 – Eurostat

Topics |
dairy season, GDT, Prices

Legal notice about Intellectual Property in digital contents. All information contained in these pages that is NOT owned by eDairy News and is NOT considered “public domain” by legal regulations, are registered trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the rules contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable rules. Any claim arising from the information contained in the eDairy News website shall be subject to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentina, with seat in the City of Córdoba, excluding any other jurisdiction, including the Federal.