Dairy product prices fall 0.7% in first GDT auction for 2012 4 Jan 2012
- NZD falls vs. greenback, Aussie on likely November OCR cut Business
- Wellington Drive gets $2 mln funding line from SuperLife Business
- Affco tried to gag union badmouthing Talleys Business
- Comvita board proposes increased fee pool Business
- Christchurch can squeeze capital from investment arm Business
- Warehouse's new strategy big on data; profit rises 12% Business
- Scholarships, Suva and Sustainable Fish News
- RBNZ pushes for new quarterly disclosure regime Business
- UPDATE: Intueri faces possible sanctions Business
- Blue Sky Meats names Todd Grave as new chief executive 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.
23 Sep 2016 Canterbury Earthquake
New Zealand Government Hon Gerry BrownleeMinister supporting Greater Christchurch Regeneration 23 September... more
23 Sep 2016 Business News
Article - BusinessDesk Friday 23 September 2016 12:47 PM RBNZ pushes for new quarterly disclosure regime By Paul McBeth Sept. 23 ... more
18 Jul 2016 Lifestyle
The Outlook for Someday Young New Zealanders Making Films For Good What does sustainability mean to you? Since 2007 The Outlook for... more
3 Aug 2016 Property
Wednesday 03 August 2016 10:30 AM Auckland house prices are stabilising, may have plateaued, Barfoot says Aug. 3 (BusinessDesk) -... more
2 Aug 2016 Property
Article - BusinessDesk NZ home values rise at fastest quarterly pace in 12 years By Tina Morrison Aug. 2 (BusinessDesk) - New... 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
25 Aug 2016 Travel & Tourism
New Zealand Government Hon Wagner using the new eGates at Wellington Airport.... more
10 Aug 2016 Travel & Tourism
Article - BusinessDesk Wednesday 10 August 2016 12:19 PM Aug. 10 (BusinessDesk) - New Zealand accommodation providers had their... more
23 Sep 2016 Netball
Netball NZ Stars to hit the court for FAST5 Ferns Friday 23 September, 2016The FAST5 Ferns will be eyeing off a fourth straight title... more
25 Aug 2016 Motor Sport
25 Aug 2016 Opinion
Column - Gordon Campbell Gordon Campbell on the end game in Spain First published on Werewolf more
11 Aug 2016 Opinion
Column - Gordon Campbell Gordon Campbell on the Impotence of the Reserve Bank First published on Werewolf more
29 Aug 2016 Appointments
New Zealand Government Hon Jo Goodhew Minister for Food Safety 29 August 2016 Jane Lancaster has been appointed to the Food ... more
12 Aug 2016 Appointments
New Zealand Government Hon Hekia ParataMinister of Education 12 August 2016 Appointments to New Zealand National Commission for... more
3 Aug 2016 Recruitment
New Zealand Government Hon Steven Joyce Minister for Tertiary Education, Skills and Employment 3 August 2016 Jobs growth continues... more
3 Aug 2016 State of the Market Report
Wednesday 03 August 2016 11:57 AM NZ private sector wage inflation misses expectations in June quarter Aug. 3 (BusinessDesk) - New... more