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18 Jun 2021 5:31
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  •   Home > News > Rural

    Dairy prices have risen at the first global auction for the year

    Dairy prices have risen at the first global auction for the year


    Commodity prices lifted by 2.8 percent, partly offsetting a sharp fall at the last auction, which saw a decline of 5.1 percent.

    Among the key products on sale, whole milk powder prices rose by 1.7 percent.

    Rural Economist Nathan Penny says it's a good start to the year for farmers.

    He says skim milk powder also lifted by more than five percent bringing them almost in line with whole milk prices which hasn't happened for some years.

    © 2021 Newstalk ZB, NZCity

     Other Rural News
     16 Jun: Dairy prices have dropped 1.3 percent, at Fonterra's latest Global Dairy Trade auction overnight
     26 May: Fonterra farmers believe this season's milk price won't budge much from a new midpoint of seven dollars and 55 cents
     06 May: Dairy farmers have six months to decide on a capital restructure for Fonterra
     05 May: Hopes Fonterra will streamline how farmers buy and sell units
     05 May: The country's largest company is about to make a major announcement on its capital structure
     21 Apr: A blip in international dairy prices isn't rattling Fonterra's boss
     21 Apr: Dairy prices have dipped at Fonterra's latest Global Dairy Trade auction overnight
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