Dairy prices: 10th Straight Rise As Volumes Fall More Than 9 percent

Apr 17, 2019
613 Views

Dairy prices have again risen slightly in the latest global auction keeping prices at close to a two-year high.

The average price was up 0.5 percent to $US3447 a tonne, the 10th consecutive price gain which followed a nearly 1 percent rise in the previous auction.

Volumes fell nearly 9.5 percent on the last auction.

Dairy prices have been rising since late November when they hit a two-year low because of an oversupply on world markets.

The price for whole milk powder, which has a key influence on farmer payouts, fell by 0.7 percent to $US3269 a tonne.

Prices for butter, anhydrous milk fat and cheddar rose, while lactose fell.

Source: radionz.co.nz republished by arrangement

You may be interested

The Hawthorndale Care Village Design Plans Well Underway
Community, News
142 views
Community, News
142 views

The Hawthorndale Care Village Design Plans Well Underway

News Desk - Feb 19, 2020

The Hawthorndale Care Village project team has confirmed the design team that will lead the design of the aged care…

Police Release Name: Winton Lorneville Highway Fatal Crash
News
568 views
News
568 views

Police Release Name: Winton Lorneville Highway Fatal Crash

News Desk - Feb 19, 2020

Police can now name the person who died in a crash in Winton on Sunday 16 February. She was 20-year-old…

ILT Gifted Building & Land To Charity Hospital
Community, News
804 views
Community, News
804 views

ILT Gifted Building & Land To Charity Hospital

News Desk - Feb 19, 2020

An ‘unbelievably generous’ donation from ILT will ensure more people will be able to live happy and healthy lives alongside…