Dairy prices up 7.2% at overnight auction

The rise in dairy commodity prices continued at Fonterra's overnight online auction, with the globalDairytrade trade weighted index rising 7.2% and the average winning price up to US$4246 per tonne from US$3960 a fortnight ago.

For anhydrous milk fat, the trade weighted price was up 9.2% to US$6486, skim milk powder gained 8.5% to US$3913, and whole milk powder lifted 5.7% to US$3995.

The rise in the auction prices comes after the ANZ commodity price index rose to yet another new high, lifting 3.8% in January, with the New Zealand dollar index up 2.3%.

Skim milk powder had the largest rise last month, lifting 14% from December, ANZ said yesterday.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

NZME 2025 Full Year Results Release Date
Turners Institutional Investor Day
February 10th Morning Report
PEB - Medicare Contractor Novitas Schedules Expert Panel
NZK Enters Into Wellboat Lease Agreement
Fonterra announces Mainland Group leadership change
OCA - Oceania announces Director changes as part of Board refresh
AIA - Analyst and media webcast for FY26 interim results
The Warehouse Group confirms leaner operating structure
SML - Synlait provides half year performance update