Fonterra dairy prices rise 2.6% to highest since July sale

Average prices of dairy products rose to the highest level since July, with gains in both whole  and skim milk powder, the biggest products on offer.

The GDT-TWI Price Index rose 2.6 percent, the second increase in a row of that size, according to the latest results posted on the globalDairyTrade auction website. The average winning price rose to US$3,737 a metric tonne. All seven products on offer gained.

Whole milk powder rose 2 percent to US$3,637 a tonne and skim milk powder gained 2.6 percent to US$3,424. Anhydrous milk fat climbed 12 percent to US$4,013 a tonne and milk protein concentrate gained 0.5 percent to US$6,280 a tonne.

Rennet casein rose 3.6 percent to US$8,721 a tonne. Butter milk powder rose 14.4 percent to US$3,410 a tonne and cheddar rose 2.1 percent to US$3,572 a tonne.

There were 111 winning bidders from 173 participants over 14 rounds. The platform has 491 qualified bidders, up from 482 at the last auction.

(BusinessDesk)

BusinessDesk.co.nz

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:

Rua Bioscience Market Update
FSF - Fonterra announces interim leadership changes
April 29th Morning Report
NZK - Blue Endeavour Pilot Farm and Wellboat Update
TRU - FY 31 March 2026 Revenue and Results Guidance Achieved
FBU - Fletcher Building sale of Fletcher Reinforcing and Wire
April 28th Morning Report
RYM - Ryman Healthcare appoints new independent director
ikeGPS 4Q FY26 and Full Year FY26 Performance Update
HGH - Heartland trading update