Primary Industries

Dairy prices rise for first time in nearly two months

Dairy prices have risen for the first time in nearly two months in the latest auction.

The average price is up 2 percent to $US3303 a tonne.

It follows the previous auction's 0.4 percent drop.

The price for whole milk powder, which has a key influence of farmer payouts, went up 1.9 percent to $US3133 a tonne.

Prices for most other products rose, while the volumes sold were down almost 6 percent on the previous auction.

Dairy prices have been soft since mid-May when they touched a two-year high.

This article was originally published on RNZ and re-published with permission.

Newsroom is powered by the generosity of readers like you, who support our mission to produce fearless, independent and provocative journalism.

Become a Supporter

Comments

Newsroom does not allow comments directly on this website. We invite all readers who wish to discuss a story or leave a comment to visit us on Twitter or Facebook. We also welcome your news tips and feedback via email: contact@newsroom.co.nz. Thank you.

PARTNERS