The Country
  • The Country home
  • Latest news
  • Audio & podcasts
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Rural business
  • Rural technology
  • Rural life
  • Listen on iHeart radio

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • Coast & Country News
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Horticulture
  • Animal health
  • Rural business
  • Rural technology
  • Rural life

Media

  • Podcasts
  • Video

Weather

  • Kaitaia
  • Whāngarei
  • Dargaville
  • Auckland
  • Thames
  • Tauranga
  • Hamilton
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Te Kuiti
  • Taumurunui
  • Taupō
  • Gisborne
  • New Plymouth
  • Napier
  • Hastings
  • Dannevirke
  • Whanganui
  • Palmerston North
  • Levin
  • Paraparaumu
  • Masterton
  • Wellington
  • Motueka
  • Nelson
  • Blenheim
  • Westport
  • Reefton
  • Kaikōura
  • Greymouth
  • Hokitika
  • Christchurch
  • Ashburton
  • Timaru
  • Wānaka
  • Oamaru
  • Queenstown
  • Dunedin
  • Gore
  • Invercargill

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / The Country

Dairy product prices climb amid solid appetite for whole milk powder

BusinessDesk
15 Jan, 2019 07:16 PM2 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Dairy prices have lifted for the fourth auction in a row. Photo/Getty Images.

Dairy prices have lifted for the fourth auction in a row. Photo/Getty Images.

Dairy product prices gained at the Global Dairy Trade auction, as stronger demand pushed prices higher for the fourth straight auction.

The GDT price index rose 4.2 per cent from the previous auction two weeks ago. The average price was US$3,057 a tonne, compared with US$2,986 a tonne two weeks ago. Some 27,909 tonnes of product was sold, down from 28,651 tonnes two weeks ago.

Whole milk powder advanced 3 per cent to US$2,777 a tonne.

"Overall, the results were in line with the NZX Dairy Derivatives market expectations leading into the event,' NZX dairy analyst Robert Gibson said in a note.

"Offer volumes for whole milk powder were unchanged on the previous event at 17,350 tonnes, but up 39 per cent on the previous year, indicating stronger demand for available volumes," according to Gibson.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

At the latest GDT auction, skim milk powder jumped 10.3 per cent to US$2,405 a tonne, while lactose rallied 7.9 per cent to US$1,032 a tonne.

Butter climbed 4.6 per cent to US$4,262 a tonne, while cheddar rose 4.2 per cent to US$3,504 a tonne, and anhydrous milk fat added 3.2 per cent to US$5,294 a tonne.

Bucking the trend, rennet casein fell, declining 1.4 per cent to US$5,047 a tonne.

Advertisement
Advertise with NZME.

"On average, rennet casein prices have been in decline since the October 2 GDT event in 2018, with this event likely reflecting some lift in volumes sold, which could have placed further downward pressure on prices," Gibson noted

Buttermilk powder was not offered at this event.

For sweet whey powder, no product was offered or sold, or no price was published for the last event, or on both of the two previous events.

The New Zealand dollar last traded at 68.03 US cents as of 1.26pm in New York, compared with 68.22 US cents at the previous close in Wellington.

Discover more

Fonterra sells off Farm Source division

13 Jan 07:00 PM

Synlait plant registration renewed

14 Jan 07:13 PM
Business

Rich Listers fail to keep Waikato land use out of public eye

15 Jan 04:00 PM
Opinion

Tim Mackle: Dairy farmers leading charge to clean up water

15 Jan 04:00 PM

There were 123 winning bidders out of 191 participating at the 13-round auction. The number of registered bidders was 524, up from 515 at the previous auction.

- BusinessDesk

Save

    Share this article

Latest from The Country

The Country

Worry and speculation as manager of Molesworth Station resigns

The Country

New Zealand's fastest-growing export partner impressed by 'gold standard' bio-economy

Premium
The Country

'They just keep coming': Illegal hunting causes frustration and fear on East Coast


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Latest from The Country

Worry and speculation as manager of Molesworth Station resigns
The Country

Worry and speculation as manager of Molesworth Station resigns

Crown-owned Molesworth Station is home to the largest cattle herd in the country.

17 Jul 09:20 PM
New Zealand's fastest-growing export partner impressed by 'gold standard' bio-economy
The Country

New Zealand's fastest-growing export partner impressed by 'gold standard' bio-economy

17 Jul 05:00 PM
Premium
Premium
'They just keep coming': Illegal hunting causes frustration and fear on East Coast
The Country

'They just keep coming': Illegal hunting causes frustration and fear on East Coast

17 Jul 06:00 AM


Solar bat monitors uncover secrets of Auckland’s night sky
Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

06 Jul 09:47 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP