Primary Industries

Dairy prices rise in latest auction

Prices have risen in the global dairy auction overnight.

The average price at the overnight auction rose 1.7 percent to $US3434 a tonne.

It follows the 2.8 percent gain in the previous auction a couple of weeks ago.

Most of the products offered climbed in price, notably butter

The price of wholemilk powder, which strongly influences the payouts for local farmers, rose 2.4 percent to $US3233 a tonne.

Volumes sold were marginally higher.

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

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