GDT Price Index rises by 4.9%

Published 18 January 18

The latest Global Dairy Trade (GDT) event, 16 Jan, reported increased prices for all products. The GDT average price index is up 4.9% on the previous event, the biggest rise recorded since 1 November 2016. All individual products recorded positive percentage changes, with particularly strong rises from WMP, SMP and butter.  

2018.01.18 GDT

Fonterra reported that December milk production in New Zealand was significantly down, 6% compared to December last year. Subsequently, Fonterra reduced forecasts for milk collection to 16,333 million litres for the 2017/18 season. As a result a feeling of unease within the marketplace will have put upward pressures on prices.

*Fonterra collects around 85% of New Zealand milk