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.
We value fearless, independent journalism. We hope you do too.
Newsroom has repeatedly broken big, important national news stories and established a platform for quality journalism on issues ranging from climate change, sexual harassment and bullying through to science, foreign affairs, women’s sports and politics.
But we need your support to continue, whether it is great, small, ongoing or a one-off donation. If you believe in high quality journalism being available for all please click to become a Newsroom supporter.