{"id":8247,"date":"2013-08-21T00:00:00","date_gmt":"2013-08-20T12:00:00","guid":{"rendered":"https:\/\/www.farmersweekly.co.nz\/commodity-prices-firm-again-on-gdt-auction\/"},"modified":"2013-08-21T00:00:00","modified_gmt":"2013-08-20T12:00:00","slug":"commodity-prices-firm-again-on-gdt-auction","status":"publish","type":"post","link":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/","title":{"rendered":"Commodity prices firm again on GDT auction"},"content":{"rendered":"<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">&lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><p><a href=\"http:\/\/www.globaldairytrade.info\/Results.aspx\" target=\"_blank\" rel=\"noopener\">Link to full auction results<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The latest GlobalDairyTrade auction resulted in a 2.3% increase in the GDT Price Index. \u00a0The strong result countered the slight decrease in prices recorded at the previous auction. \u00a0Higher prices were achieved for virtually all commodities on offer excluding skim milk powder (SMP) and butter milk powder (BMP). \u00a0Volumes on offer at this auction were high with Fonterra offering just slightly less product than they did at the previous auction when offerings were at their seasonal peak. \u00a0Seasonal decreases in forecast volumes will occur from now on, and in addition forecast volumes are well down on the volume traded last year on GDT.\u00a0\nWhole milk powder (WMP) prices increased by 2.7% on average with greater gains in the nearby delivery contracts. \u00a0All Fonterra WMP on offer was sold above US$5,000 tonne, with Amul product selling near the US$4,000\/tonne level.\nThe SMP Price Index was down by 0.7%. \u00a0The highest price paid for SMP was US$4,700\/tonne paid for DairyAmerica Low Heat Upgraded SMP for September delivery. \u00a0In the October delivery month Fonterra product was still priced higher than DairyAmerica product but the price premium has been squeezed back to about US$200\/tonne for comparable product. \u00a0Fonterra&#8217;s SMP generally attained lower prices than at the previous auction while prices for DairyAmerica product firmed. Meanwhile Amul product was discounted by approximately US$1,000\/tonne to trade at US$3,305 &#8211; $3,245\/tonne.\nAnhydrous milkfat (AMF) prices firmed considerably following their fall at the previous auction. \u00a0The AMF Price Index was up 7.1% with product selling at an average price of US$4,931\/tonne. \u00a0Butter was also priced higher with the Butter Price Index up 3.3%. \u00a0DairyAmerica butter eased back slightly, while Fonterra&#8217;s unsalted butter scheduled for October delivery made up the gains it lost at the previous auction to trade at US$3,675\/tonne. \u00a0Later delivery periods prices were at a slight discount.\n\u00a0\n\u00a0\n","protected":false},"author":33,"featured_media":8248,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[3],"tags":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.6.2 - aioseo.com -->\n\t\t<meta name=\"description\" content=\"The latest GlobalDairyTrade auction resulted in a 2.3% increase in the GDT Price Index. The strong result countered the slight decrease in prices recorded at the previous auction. Higher prices were achieved for virtually all commodities on offer excluding skim milk powder (SMP) and butter milk powder (BMP). Volumes on offer at this auction were high with Fonterra offering just slightly less product than they did at the previous auction when offerings were at their seasonal peak. Seasonal decreases in forecast volumes will occur from now on, and in addition forecast volumes are well down on the volume traded last year on GDT. Whole milk powder (WMP) prices increased by 2.7% on average with greater gains in the nearby delivery contracts. All Fonterra WMP on offer was sold above US$5,000 tonne, with Amul product selling near the US$4,000\/tonne level. The SMP Price Index was down by 0.7%. The highest price paid for SMP was US$4,700\/tonne paid for DairyAmerica Low Heat Upgraded SMP for September delivery. In the October delivery month Fonterra product was still priced higher than DairyAmerica product but the price premium has been squeezed back to about US$200\/tonne for comparable product. Fonterra&#039;s SMP generally attained lower prices than at the previous auction while prices for DairyAmerica product firmed. Meanwhile Amul product was discounted by approximately US$1,000\/tonne to trade at US$3,305 - $3,245\/tonne. Anhydrous milkfat (AMF) prices firmed considerably following their fall at the previous auction. The AMF Price Index was up 7.1% with product selling at an average price of US$4,931\/tonne. Butter was also priced higher with the Butter Price Index up 3.3%. DairyAmerica butter eased back slightly, while Fonterra&#039;s unsalted butter scheduled for October delivery made up the gains it lost at the previous auction to trade at US$3,675\/tonne. Later delivery periods prices were at a slight discount.\" \/>\n\t\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t\t<link rel=\"canonical\" href=\"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/\" \/>\n\t\t<meta name=\"generator\" content=\"All in One SEO Pro (AIOSEO) 4.6.2\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Farmers Weekly\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Commodity prices firm again on GDT auction\" \/>\n\t\t<meta property=\"og:description\" content=\"The latest GlobalDairyTrade auction resulted in a 2.3% increase in the GDT Price Index. The strong result countered the slight decrease in prices recorded at the previous auction. Higher prices were achieved for virtually all commodities on offer excluding skim milk powder (SMP) and butter milk powder (BMP). Volumes on offer at this auction were high with Fonterra offering just slightly less product than they did at the previous auction when offerings were at their seasonal peak. Seasonal decreases in forecast volumes will occur from now on, and in addition forecast volumes are well down on the volume traded last year on GDT. Whole milk powder (WMP) prices increased by 2.7% on average with greater gains in the nearby delivery contracts. All Fonterra WMP on offer was sold above US$5,000 tonne, with Amul product selling near the US$4,000\/tonne level. The SMP Price Index was down by 0.7%. The highest price paid for SMP was US$4,700\/tonne paid for DairyAmerica Low Heat Upgraded SMP for September delivery. In the October delivery month Fonterra product was still priced higher than DairyAmerica product but the price premium has been squeezed back to about US$200\/tonne for comparable product. Fonterra&#039;s SMP generally attained lower prices than at the previous auction while prices for DairyAmerica product firmed. Meanwhile Amul product was discounted by approximately US$1,000\/tonne to trade at US$3,305 - $3,245\/tonne. Anhydrous milkfat (AMF) prices firmed considerably following their fall at the previous auction. The AMF Price Index was up 7.1% with product selling at an average price of US$4,931\/tonne. Butter was also priced higher with the Butter Price Index up 3.3%. DairyAmerica butter eased back slightly, while Fonterra&#039;s unsalted butter scheduled for October delivery made up the gains it lost at the previous auction to trade at US$3,675\/tonne. Later delivery periods prices were at a slight discount.\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Screen-Shot-2013-08-21-at-8-39-09-AM.png.jpg\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Screen-Shot-2013-08-21-at-8-39-09-AM.png.jpg\" \/>\n\t\t<meta property=\"og:image:width\" content=\"355\" \/>\n\t\t<meta property=\"og:image:height\" content=\"255\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2013-08-20T12:00:00+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2013-08-20T12:00:00+00:00\" \/>\n\t\t<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/FarmersWeeklyNZ\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:site\" content=\"@FarmersWeeklyNZ\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Commodity prices firm again on GDT auction\" \/>\n\t\t<meta name=\"twitter:description\" content=\"The latest GlobalDairyTrade auction resulted in a 2.3% increase in the GDT Price Index. The strong result countered the slight decrease in prices recorded at the previous auction. Higher prices were achieved for virtually all commodities on offer excluding skim milk powder (SMP) and butter milk powder (BMP). Volumes on offer at this auction were high with Fonterra offering just slightly less product than they did at the previous auction when offerings were at their seasonal peak. Seasonal decreases in forecast volumes will occur from now on, and in addition forecast volumes are well down on the volume traded last year on GDT. Whole milk powder (WMP) prices increased by 2.7% on average with greater gains in the nearby delivery contracts. All Fonterra WMP on offer was sold above US$5,000 tonne, with Amul product selling near the US$4,000\/tonne level. The SMP Price Index was down by 0.7%. The highest price paid for SMP was US$4,700\/tonne paid for DairyAmerica Low Heat Upgraded SMP for September delivery. In the October delivery month Fonterra product was still priced higher than DairyAmerica product but the price premium has been squeezed back to about US$200\/tonne for comparable product. Fonterra&#039;s SMP generally attained lower prices than at the previous auction while prices for DairyAmerica product firmed. Meanwhile Amul product was discounted by approximately US$1,000\/tonne to trade at US$3,305 - $3,245\/tonne. Anhydrous milkfat (AMF) prices firmed considerably following their fall at the previous auction. The AMF Price Index was up 7.1% with product selling at an average price of US$4,931\/tonne. Butter was also priced higher with the Butter Price Index up 3.3%. DairyAmerica butter eased back slightly, while Fonterra&#039;s unsalted butter scheduled for October delivery made up the gains it lost at the previous auction to trade at US$3,675\/tonne. Later delivery periods prices were at a slight discount.\" \/>\n\t\t<meta name=\"twitter:creator\" content=\"@FarmersWeeklyNZ\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Screen-Shot-2013-08-21-at-8-39-09-AM.png.jpg\" \/>\n\t\t<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t\t<meta name=\"twitter:data1\" content=\"Farmers Weekly\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/commodity-prices-firm-again-on-gdt-auction\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/\",\"nextItem\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/#listItem\"},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/#listItem\",\"position\":2,\"name\":\"News\",\"item\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/\",\"nextItem\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/commodity-prices-firm-again-on-gdt-auction\\\/#listItem\",\"previousItem\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/#listItem\"},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/commodity-prices-firm-again-on-gdt-auction\\\/#listItem\",\"position\":3,\"name\":\"Commodity prices firm again on GDT auction\",\"previousItem\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/#listItem\"}]},{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/commodity-prices-firm-again-on-gdt-auction\\\/#newsarticle\",\"name\":\"Commodity prices firm again on GDT auction\",\"headline\":\"Commodity prices firm again on GDT auction\",\"author\":{\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/author\\\/staff-reporter\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/Screen-Shot-2013-08-21-at-8-39-09-AM.png.jpg\",\"width\":355,\"height\":255,\"caption\":\"screen-shot-2013-08-21-at-8-39-09-am\"},\"datePublished\":\"2013-08-21T00:00:00+12:00\",\"dateModified\":\"2013-08-21T00:00:00+12:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/commodity-prices-firm-again-on-gdt-auction\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/commodity-prices-firm-again-on-gdt-auction\\\/#webpage\"},\"articleSection\":\"News\",\"dateline\":\"Published on August 21, 2013.\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/#organization\",\"name\":\"Farmers Weekly\",\"url\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/Farmers-Weekly-logo.png\",\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/commodity-prices-firm-again-on-gdt-auction\\\/#organizationLogo\",\"width\":1000,\"height\":97,\"caption\":\"Farmers Weekly\"},\"image\":{\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/commodity-prices-firm-again-on-gdt-auction\\\/#organizationLogo\"},\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/FarmersWeeklyNZ\",\"https:\\\/\\\/twitter.com\\\/FarmersWeeklyNZ\",\"https:\\\/\\\/www.instagram.com\\\/farmersweeklynz\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/farmers-weekly-nz\"],\"contactPoint\":{\"@type\":\"ContactPoint\",\"telephone\":\"+64800852580\",\"contactType\":\"General Enquiries\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/author\\\/staff-reporter\\\/#author\",\"url\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/author\\\/staff-reporter\\\/\",\"name\":\"Farmers Weekly\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/commodity-prices-firm-again-on-gdt-auction\\\/#authorImage\",\"url\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/cropped-FW_Linkedin_Logo_300x300px_01-1-96x96.jpg\",\"width\":96,\"height\":96,\"caption\":\"Farmers Weekly\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/commodity-prices-firm-again-on-gdt-auction\\\/#webpage\",\"url\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/commodity-prices-firm-again-on-gdt-auction\\\/\",\"name\":\"Commodity prices firm again on GDT auction\",\"description\":\"The latest GlobalDairyTrade auction resulted in a 2.3% increase in the GDT Price Index. The strong result countered the slight decrease in prices recorded at the previous auction. Higher prices were achieved for virtually all commodities on offer excluding skim milk powder (SMP) and butter milk powder (BMP). Volumes on offer at this auction were high with Fonterra offering just slightly less product than they did at the previous auction when offerings were at their seasonal peak. Seasonal decreases in forecast volumes will occur from now on, and in addition forecast volumes are well down on the volume traded last year on GDT. Whole milk powder (WMP) prices increased by 2.7% on average with greater gains in the nearby delivery contracts. All Fonterra WMP on offer was sold above US$5,000 tonne, with Amul product selling near the US$4,000\\\/tonne level. The SMP Price Index was down by 0.7%. The highest price paid for SMP was US$4,700\\\/tonne paid for DairyAmerica Low Heat Upgraded SMP for September delivery. In the October delivery month Fonterra product was still priced higher than DairyAmerica product but the price premium has been squeezed back to about US$200\\\/tonne for comparable product. Fonterra's SMP generally attained lower prices than at the previous auction while prices for DairyAmerica product firmed. Meanwhile Amul product was discounted by approximately US$1,000\\\/tonne to trade at US$3,305 - $3,245\\\/tonne. Anhydrous milkfat (AMF) prices firmed considerably following their fall at the previous auction. The AMF Price Index was up 7.1% with product selling at an average price of US$4,931\\\/tonne. Butter was also priced higher with the Butter Price Index up 3.3%. DairyAmerica butter eased back slightly, while Fonterra's unsalted butter scheduled for October delivery made up the gains it lost at the previous auction to trade at US$3,675\\\/tonne. Later delivery periods prices were at a slight discount.\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/commodity-prices-firm-again-on-gdt-auction\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/author\\\/staff-reporter\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/author\\\/staff-reporter\\\/#author\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/Screen-Shot-2013-08-21-at-8-39-09-AM.png.jpg\",\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/commodity-prices-firm-again-on-gdt-auction\\\/#mainImage\",\"width\":355,\"height\":255,\"caption\":\"screen-shot-2013-08-21-at-8-39-09-am\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/news\\\/commodity-prices-firm-again-on-gdt-auction\\\/#mainImage\"},\"datePublished\":\"2013-08-21T00:00:00+12:00\",\"dateModified\":\"2013-08-21T00:00:00+12:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/#website\",\"url\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/\",\"name\":\"Farmers Weekly\",\"description\":\"NZ farming news, analysis and opinion\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.farmersweekly.co.nz\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<script type=\"text\/javascript\">\n\t\t\t(function(c,l,a,r,i,t,y){\n\t\t\tc[a]=c[a]||function(){(c[a].q=c[a].q||[]).push(arguments)};t=l.createElement(r);t.async=1;\n\t\t\tt.src=\"https:\/\/www.clarity.ms\/tag\/\"+i+\"?ref=aioseo\";y=l.getElementsByTagName(r)[0];y.parentNode.insertBefore(t,y);\n\t\t})(window, document, \"clarity\", \"script\", \"fk1o46v0bb\");\n\t\t<\/script>\n\t\t<!-- All in One SEO Pro -->\r\n\t\t<title>Commodity prices firm again on GDT auction<\/title>\n\n","aioseo_head_json":{"title":"Commodity prices firm again on GDT auction","description":"The latest GlobalDairyTrade auction resulted in a 2.3% increase in the GDT Price Index. The strong result countered the slight decrease in prices recorded at the previous auction. Higher prices were achieved for virtually all commodities on offer excluding skim milk powder (SMP) and butter milk powder (BMP). Volumes on offer at this auction were high with Fonterra offering just slightly less product than they did at the previous auction when offerings were at their seasonal peak. Seasonal decreases in forecast volumes will occur from now on, and in addition forecast volumes are well down on the volume traded last year on GDT. Whole milk powder (WMP) prices increased by 2.7% on average with greater gains in the nearby delivery contracts. All Fonterra WMP on offer was sold above US$5,000 tonne, with Amul product selling near the US$4,000\/tonne level. The SMP Price Index was down by 0.7%. The highest price paid for SMP was US$4,700\/tonne paid for DairyAmerica Low Heat Upgraded SMP for September delivery. In the October delivery month Fonterra product was still priced higher than DairyAmerica product but the price premium has been squeezed back to about US$200\/tonne for comparable product. Fonterra's SMP generally attained lower prices than at the previous auction while prices for DairyAmerica product firmed. Meanwhile Amul product was discounted by approximately US$1,000\/tonne to trade at US$3,305 - $3,245\/tonne. Anhydrous milkfat (AMF) prices firmed considerably following their fall at the previous auction. The AMF Price Index was up 7.1% with product selling at an average price of US$4,931\/tonne. Butter was also priced higher with the Butter Price Index up 3.3%. DairyAmerica butter eased back slightly, while Fonterra's unsalted butter scheduled for October delivery made up the gains it lost at the previous auction to trade at US$3,675\/tonne. Later delivery periods prices were at a slight discount.","canonical_url":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/","robots":"max-image-preview:large","keywords":"","webmasterTools":{"miscellaneous":""},"og:locale":"en_US","og:site_name":"Farmers Weekly","og:type":"article","og:title":"Commodity prices firm again on GDT auction","og:description":"The latest GlobalDairyTrade auction resulted in a 2.3% increase in the GDT Price Index. The strong result countered the slight decrease in prices recorded at the previous auction. Higher prices were achieved for virtually all commodities on offer excluding skim milk powder (SMP) and butter milk powder (BMP). Volumes on offer at this auction were high with Fonterra offering just slightly less product than they did at the previous auction when offerings were at their seasonal peak. Seasonal decreases in forecast volumes will occur from now on, and in addition forecast volumes are well down on the volume traded last year on GDT. Whole milk powder (WMP) prices increased by 2.7% on average with greater gains in the nearby delivery contracts. All Fonterra WMP on offer was sold above US$5,000 tonne, with Amul product selling near the US$4,000\/tonne level. The SMP Price Index was down by 0.7%. The highest price paid for SMP was US$4,700\/tonne paid for DairyAmerica Low Heat Upgraded SMP for September delivery. In the October delivery month Fonterra product was still priced higher than DairyAmerica product but the price premium has been squeezed back to about US$200\/tonne for comparable product. Fonterra's SMP generally attained lower prices than at the previous auction while prices for DairyAmerica product firmed. Meanwhile Amul product was discounted by approximately US$1,000\/tonne to trade at US$3,305 - $3,245\/tonne. Anhydrous milkfat (AMF) prices firmed considerably following their fall at the previous auction. The AMF Price Index was up 7.1% with product selling at an average price of US$4,931\/tonne. Butter was also priced higher with the Butter Price Index up 3.3%. DairyAmerica butter eased back slightly, while Fonterra's unsalted butter scheduled for October delivery made up the gains it lost at the previous auction to trade at US$3,675\/tonne. Later delivery periods prices were at a slight discount.","og:url":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/","og:image":"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Screen-Shot-2013-08-21-at-8-39-09-AM.png.jpg","og:image:secure_url":"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Screen-Shot-2013-08-21-at-8-39-09-AM.png.jpg","og:image:width":355,"og:image:height":255,"article:published_time":"2013-08-20T12:00:00+00:00","article:modified_time":"2013-08-20T12:00:00+00:00","article:publisher":"https:\/\/facebook.com\/FarmersWeeklyNZ","twitter:card":"summary_large_image","twitter:site":"@FarmersWeeklyNZ","twitter:title":"Commodity prices firm again on GDT auction","twitter:description":"The latest GlobalDairyTrade auction resulted in a 2.3% increase in the GDT Price Index. The strong result countered the slight decrease in prices recorded at the previous auction. Higher prices were achieved for virtually all commodities on offer excluding skim milk powder (SMP) and butter milk powder (BMP). Volumes on offer at this auction were high with Fonterra offering just slightly less product than they did at the previous auction when offerings were at their seasonal peak. Seasonal decreases in forecast volumes will occur from now on, and in addition forecast volumes are well down on the volume traded last year on GDT. Whole milk powder (WMP) prices increased by 2.7% on average with greater gains in the nearby delivery contracts. All Fonterra WMP on offer was sold above US$5,000 tonne, with Amul product selling near the US$4,000\/tonne level. The SMP Price Index was down by 0.7%. The highest price paid for SMP was US$4,700\/tonne paid for DairyAmerica Low Heat Upgraded SMP for September delivery. In the October delivery month Fonterra product was still priced higher than DairyAmerica product but the price premium has been squeezed back to about US$200\/tonne for comparable product. Fonterra's SMP generally attained lower prices than at the previous auction while prices for DairyAmerica product firmed. Meanwhile Amul product was discounted by approximately US$1,000\/tonne to trade at US$3,305 - $3,245\/tonne. Anhydrous milkfat (AMF) prices firmed considerably following their fall at the previous auction. The AMF Price Index was up 7.1% with product selling at an average price of US$4,931\/tonne. Butter was also priced higher with the Butter Price Index up 3.3%. DairyAmerica butter eased back slightly, while Fonterra's unsalted butter scheduled for October delivery made up the gains it lost at the previous auction to trade at US$3,675\/tonne. Later delivery periods prices were at a slight discount.","twitter:creator":"@FarmersWeeklyNZ","twitter:image":"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Screen-Shot-2013-08-21-at-8-39-09-AM.png.jpg","twitter:label1":"Written by","twitter:data1":"Farmers Weekly","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.farmersweekly.co.nz\/#listItem","position":1,"name":"Home","item":"https:\/\/www.farmersweekly.co.nz\/","nextItem":"https:\/\/www.farmersweekly.co.nz\/news\/#listItem"},{"@type":"ListItem","@id":"https:\/\/www.farmersweekly.co.nz\/news\/#listItem","position":2,"name":"News","item":"https:\/\/www.farmersweekly.co.nz\/news\/","nextItem":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/#listItem","previousItem":"https:\/\/www.farmersweekly.co.nz\/#listItem"},{"@type":"ListItem","@id":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/#listItem","position":3,"name":"Commodity prices firm again on GDT auction","previousItem":"https:\/\/www.farmersweekly.co.nz\/news\/#listItem"}]},{"@type":"NewsArticle","@id":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/#newsarticle","name":"Commodity prices firm again on GDT auction","headline":"Commodity prices firm again on GDT auction","author":{"@id":"https:\/\/www.farmersweekly.co.nz\/author\/staff-reporter\/#author"},"publisher":{"@id":"https:\/\/www.farmersweekly.co.nz\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Screen-Shot-2013-08-21-at-8-39-09-AM.png.jpg","width":355,"height":255,"caption":"screen-shot-2013-08-21-at-8-39-09-am"},"datePublished":"2013-08-21T00:00:00+12:00","dateModified":"2013-08-21T00:00:00+12:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/#webpage"},"isPartOf":{"@id":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/#webpage"},"articleSection":"News","dateline":"Published on August 21, 2013."},{"@type":"Organization","@id":"https:\/\/www.farmersweekly.co.nz\/#organization","name":"Farmers Weekly","url":"https:\/\/www.farmersweekly.co.nz\/","logo":{"@type":"ImageObject","url":"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/04\/Farmers-Weekly-logo.png","@id":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/#organizationLogo","width":1000,"height":97,"caption":"Farmers Weekly"},"image":{"@id":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/#organizationLogo"},"sameAs":["https:\/\/facebook.com\/FarmersWeeklyNZ","https:\/\/twitter.com\/FarmersWeeklyNZ","https:\/\/www.instagram.com\/farmersweeklynz","https:\/\/www.linkedin.com\/company\/farmers-weekly-nz"],"contactPoint":{"@type":"ContactPoint","telephone":"+64800852580","contactType":"General Enquiries"}},{"@type":"Person","@id":"https:\/\/www.farmersweekly.co.nz\/author\/staff-reporter\/#author","url":"https:\/\/www.farmersweekly.co.nz\/author\/staff-reporter\/","name":"Farmers Weekly","image":{"@type":"ImageObject","@id":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/#authorImage","url":"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/09\/cropped-FW_Linkedin_Logo_300x300px_01-1-96x96.jpg","width":96,"height":96,"caption":"Farmers Weekly"}},{"@type":"WebPage","@id":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/#webpage","url":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/","name":"Commodity prices firm again on GDT auction","description":"The latest GlobalDairyTrade auction resulted in a 2.3% increase in the GDT Price Index. The strong result countered the slight decrease in prices recorded at the previous auction. Higher prices were achieved for virtually all commodities on offer excluding skim milk powder (SMP) and butter milk powder (BMP). Volumes on offer at this auction were high with Fonterra offering just slightly less product than they did at the previous auction when offerings were at their seasonal peak. Seasonal decreases in forecast volumes will occur from now on, and in addition forecast volumes are well down on the volume traded last year on GDT. Whole milk powder (WMP) prices increased by 2.7% on average with greater gains in the nearby delivery contracts. All Fonterra WMP on offer was sold above US$5,000 tonne, with Amul product selling near the US$4,000\/tonne level. The SMP Price Index was down by 0.7%. The highest price paid for SMP was US$4,700\/tonne paid for DairyAmerica Low Heat Upgraded SMP for September delivery. In the October delivery month Fonterra product was still priced higher than DairyAmerica product but the price premium has been squeezed back to about US$200\/tonne for comparable product. Fonterra's SMP generally attained lower prices than at the previous auction while prices for DairyAmerica product firmed. Meanwhile Amul product was discounted by approximately US$1,000\/tonne to trade at US$3,305 - $3,245\/tonne. Anhydrous milkfat (AMF) prices firmed considerably following their fall at the previous auction. The AMF Price Index was up 7.1% with product selling at an average price of US$4,931\/tonne. Butter was also priced higher with the Butter Price Index up 3.3%. DairyAmerica butter eased back slightly, while Fonterra's unsalted butter scheduled for October delivery made up the gains it lost at the previous auction to trade at US$3,675\/tonne. Later delivery periods prices were at a slight discount.","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.farmersweekly.co.nz\/#website"},"breadcrumb":{"@id":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/#breadcrumblist"},"author":{"@id":"https:\/\/www.farmersweekly.co.nz\/author\/staff-reporter\/#author"},"creator":{"@id":"https:\/\/www.farmersweekly.co.nz\/author\/staff-reporter\/#author"},"image":{"@type":"ImageObject","url":"https:\/\/www.farmersweekly.co.nz\/wp-content\/uploads\/2022\/06\/Screen-Shot-2013-08-21-at-8-39-09-AM.png.jpg","@id":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/#mainImage","width":355,"height":255,"caption":"screen-shot-2013-08-21-at-8-39-09-am"},"primaryImageOfPage":{"@id":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/#mainImage"},"datePublished":"2013-08-21T00:00:00+12:00","dateModified":"2013-08-21T00:00:00+12:00"},{"@type":"WebSite","@id":"https:\/\/www.farmersweekly.co.nz\/#website","url":"https:\/\/www.farmersweekly.co.nz\/","name":"Farmers Weekly","description":"NZ farming news, analysis and opinion","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.farmersweekly.co.nz\/#organization"}}]}},"aioseo_meta_data":{"post_id":"8247","title":null,"description":null,"keywords":null,"keyphrases":null,"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","priority":null,"frequency":null,"local_seo":null,"limit_modified_date":false,"open_ai":null,"created":"2023-01-22 20:49:40","updated":"2023-01-23 22:03:04"},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.farmersweekly.co.nz\" title=\"Home\">Home<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.farmersweekly.co.nz\/news\/\" title=\"News\">News<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\tCommodity prices firm again on GDT auction\n<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.farmersweekly.co.nz"},{"label":"News","link":"https:\/\/www.farmersweekly.co.nz\/news\/"},{"label":"Commodity prices firm again on GDT auction","link":"https:\/\/www.farmersweekly.co.nz\/news\/commodity-prices-firm-again-on-gdt-auction\/"}],"publishpress_future_action":{"enabled":false,"date":"2024-05-12 06:20:57","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category"},"_links":{"self":[{"href":"https:\/\/www.farmersweekly.co.nz\/wp-json\/wp\/v2\/posts\/8247"}],"collection":[{"href":"https:\/\/www.farmersweekly.co.nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.farmersweekly.co.nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.farmersweekly.co.nz\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.farmersweekly.co.nz\/wp-json\/wp\/v2\/comments?post=8247"}],"version-history":[{"count":0,"href":"https:\/\/www.farmersweekly.co.nz\/wp-json\/wp\/v2\/posts\/8247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.farmersweekly.co.nz\/wp-json\/wp\/v2\/media\/8248"}],"wp:attachment":[{"href":"https:\/\/www.farmersweekly.co.nz\/wp-json\/wp\/v2\/media?parent=8247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.farmersweekly.co.nz\/wp-json\/wp\/v2\/categories?post=8247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.farmersweekly.co.nz\/wp-json\/wp\/v2\/tags?post=8247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}