Dairy product prices fall 0.7% in first GDT auction for 2012 4 Jan 2012
- Restaurant Brands board seeks 18% pay rise Business
- Insurance policy churn rates 'a disgrace' Business
- Telephone scam still generating 200 complaints daily Business
- 20 years of the Food Treaty a great achievement News
- Augusta Capital to lift annualised dividend payments 10% Business
- Shanghai Maling agrees to 3-month extension of $261M offer Business
- MediaWorks director Dalgleish steps down Business
- Joan Withers tapped as Warehouse chair Business
- NZ dollar hits 3-year high vs. British pound Business
- Skyline boosts profits on strong tourist growth Business
Prices of dairy products fell in the first sale on Fonterra Cooperative Group’s GlobalDairyTrade platform for 2012, paced by whole and skim milk powder.
The GDT-TWI Price Index fell 0.7 percent compared to the last sale two weeks ago. The average winning price declined to US$3,654 a metric tonne from US$3,688 a tonne in the Dec. 20 sale. The price of whole milk powder declined 0.8 percent to US$3,554.
Commodity prices fell through much of 2011 as investors fretted the impact of Europe’s debt crisis could have in slowing global growth. The region is expected to sink into recession this year as leaders argue about the response to the crisis. Thomson Reuters/Jefferies CRB Commodity Index fell almost 7 percent in 2011 and was recently up 2.6 percent.
The average winning price for skim milk powder fell 0.6 percent to US$3,269 a metric tonne. Anhydrous milk fat fell 5.1 percent to US$3,982 a tonne and butter milk powder rose 9.3 percent to US$3,585 a tonne.
Cheddar rose 0.2 percent to US$3,598 a tonne and milk protein concentrate gained 2.3 percent to US$5,986 a tonne. Rennet casein declined 4 percent to US$7,796 a tonne.
There were 114 winning bidders over 13 rounds, out of 152 participating bidders. The number of qualified bidders rose to 513 from 504 in the last sale two weeks ago.
26 Jun 2016 Opinion
Opinion - Alastair Thompson A democratic path forward to mandate a proper plan for #Brexit - a proposal. By Alastair ... more
24 Jun 2016 Business News
Article - BusinessDesk NZ stocks turn as UK referendum result keeps investors guessing By Paul McBeth June 24 (BusinessDesk) - New... more
27 Jun 2016 Arts
** WIN one of two copies of the novel - visit our Competitions page for more details ** JEAN BATTEN was born in New Zealand in 1909,... more
27 Jun 2016 Entertainment
Pioneers of New Zealand's electronica scene, Pitch Black are celebrating the impending anniversary of their inaugural... more
16 May 2016 Property
By Jonathan Underhill May 16 (BusinessDesk) - Kiwi Property Group, the country's biggest listed property investor by market value,... more
30 Mar 2016 Migration
British High Commissioner Jonathan Sinclair is defending changes to skilled migrant rules for Britain but suggests they won't affect... more
3 Jun 2016 Travel & Tourism
New Zealand Government Rt Hon John Key Prime MinisterMinister of Tourism 3 June 2016 More funding for the New Zealand... more
16 May 2016 NZ Tourism
Article - BusinessDesk Monday 16 May 2016 12:20 PM Jucy plans to expand pod-style hotel chain to Australia in 2017 By Fiona... more
26 Jun 2016 Rugby
14 Jun 2016 Opinion
Column - Gordon Campbell Gordon Campbell on our paltry refugee response and a brazen US rewrite of the TPP First published at... more
23 Jun 2016 Appointments
New Zealand Government Hon Murray McCully Minister of Foreign Affairs 23 June 2016 Media Statement New Ambassador to Belgium... more
10 Mar 2016 Recruitment
New Zealand Government Hon Michael Woodhouse Minister for Workplace Relations and Safety 10 March 2016 Zero-hour contracts gone, PPL... more