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:

PYS - PaySauce to announce F26 full year results on 27 May 2026
PEB - Draft LCD Proposes Medicare Coverage for Triage and Triage
MEL - Meridian Energy monthly operating report for April 2026
FBU - Sale of South Australian property
AIR - Air New Zealand market update
May 14th Morning Report
PEB - Pacific Edge Placement Increased to NZ$25.4 Million
Radius Care Reports Earnings Growth and 50% Higher Dividend
May 13th Morning Report
Pacific Edge launches capital raise of NZ$24 million