Friday, July 1, 2022

GDT


GDT takes unexpected turn

GDT takes unexpected turn

ByGerald PiddockApr 4, 2022
Fonterra chief executive Miles Hurrell says he expects strong milk prices to continue over the medium-term, when announcing the co-operative’s interim result.Dairy prices took a breather at the latest GDT auction, where after five consecutive lifts, prices fell for the…

GDT takes a breather for war and covid reasons

ByHugh StringlemanMar 23, 2022
Westpac senior agri-economist Nathan Penny says that uncertainties arising from surging covid numbers in China are likely to have weighed on dairy prices.Buyers of dairy commodities on the Global Dairy…

Partnership to enhance the GDT

BySonita ChandarFeb 28, 2022
Miles Hurrell: Fonterra chief executive Miles Hurrell says the three-way strategic partnership with New Zealand’s Exchange and the European Energy Exchange to take ownership of the GDT is good news…

Global dairy prices storm higher in overnight auction

ByBusinessDeskFeb 16, 2022
NZX dairy analyst Alex Winning says current market expectations from the dairy derivatives market is for a further US$200/t to be added to today’s (WMP) price by the end of…


Milk price forecasts bubble up

Milk price forecasts bubble up

ByHugh StringlemanFeb 3, 2022
HIGH: Westpac’s Nathan Penny says GDT prices were now nearly 40% higher than their five-year average and the index at…
Tight supply boosts GDT

Tight supply boosts GDT

ByGerald PiddockJan 19, 2022
All regions across the globe participated in the auction with North Asian buyers secured well over half of the total…
Record milk price now baked in

Record milk price now baked in

ByHugh StringlemanDec 10, 2021
The GDT index rose 1.4%, its eighth consecutive rise over four months, and it is now at a record level…
Milk price firmly fixed

Milk price firmly fixed

ByHugh StringlemanOct 22, 2021
Westpac senior agri economist Nathan Penny says the solid GDT results have reinforced the Westpac milk price forecast of $8.50.The…
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