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:

PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO
SUM - Summerset Considers Retail Bond Offer
SKC - Updated FY25 Full Year Earnings Guidance