Dairy product prices fall 0.7% in first GDT auction for 2012 4 Jan 2012
- South Port NZ 1H profit jumps, unexpected lift in tonnage Business
- MARKET CLOSE: NZ shares fall on SkyCity outlook Business
- NZ dollar gains on greenback weakness driven by US rates Business
- Solid Energy in better shape than $1 Aussie coal miner: CEO Business
- UPDATE: Shareholders Association fights Wynyard 'black hole' Business
- Shareholders Association to oppose Wynyard 'black hole' Business
- Labour challenges regulator on credit card surcharges Business
- NZ services offsetting lower commodity prices, says Moody's Business
- CORRECT: Auckland house sales fall in January Business
- Telcos earning too little on big investment: Spark's Moutter 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.
5 Feb 2016 News
05 February 2016 Museum of Waitangi set to become a national and visitor Icon The new Museum of Waitangi, opened today by the... more
5 Feb 2016 Business News
Article - BusinessDesk NZ wool prices slip on higher kiwi dollar, reduced demand from China By Tina Morrison Feb. 5 ... more
5 Feb 2016 Business News
Article - BusinessDesk NZ directors more aware of risk, focus on cyber security Feb. 5 (BusinessDesk) - Directors of... more
5 Feb 2016 Lifestyle
4 February 2016What it is to be a Kiwi may depend of where you live – Auckland or elsewhere in New Zealand – with... more
4 Feb 2016 Property
Auckland's house sales volumes jump to 8-year high in January, Barfoot says Feb. 4 (BusinessDesk) - Auckland residential... more
5 Feb 2016 Migration
This Waitangi Day, New Zealand will roll out the welcome mat to 24 new citizens at Government House, and acknowledge over... more
21 Dec 2015 Migration
Article - Businesswire NZ net migrants reach all-time high 63,700 in boom November year for travel By Jonathan Underhill Dec. ... more
22 Jan 2016 Travel & Tourism
New Zealand Government Hon Nicky WagnerMinister of Customs 22 January 2016 More than 100,000 SmartGate users in one week Customs ... more
21 Jan 2016 Travel & Tourism
Wellington ratepayers to pay $8mln over 10 years for Canberra flights Jan. 21 (BusinessDesk) - Wellington City Council is... more
5 Feb 2016 Multisport
70 teams from 11 nations will come together in Kaiteriteri, Tasman this April for the fifth chapter of New Zealand’s premier ... more
22 Jan 2016 Opinion
We seem to be living in an era of virtual government, where governments promote only an illusion of policy kapow! rather than the... more
24 Dec 2015 Opinion
Column - Gordon Campbell Gordon Campbell on the Dotcom extradition decision Inevitably – and with justification –... more
5 Feb 2016 Appointments
New Zealand Government Hon Christopher Finlayson5 February 2016 GCSB Chief Legal Advisor Lisa Fong will become the Acting Director... more
22 Jan 2016 Flying Kiwi*
Warren and Mahoney Heading to Europe And the Olympics of Architecture Architectural graduate Antonia Lapwood has been awarded the... more
11 Dec 2015 Recruitment
11 December 2015 Minister for Tertiary Education, Skills and Employment Steven Joyce and Minister for Social... more
4 Dec 2015 Recruitment
New Zealand Government Hon Steven Joyce Minister for Tertiary Education, Skills and Employment 4 December 2015 Tertiary Education,... more