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14 Aug 2020 2:22
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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.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     17 Jul: Rapid gains in the New Zealand dollar have seen Fonterra trim its forecast payout by five cents for the recently completed season
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     26 Jun: Fonterra is replacing its retiring chairman John Monaghan with Tauranga dairy farmer and kiwifruit grower Peter McBride
     24 Jun: The global demand for sheep milk is growing, and Kiwi farmers are responding
     23 Jun: Fonterra farmers who produce sustainable, high quality milk will soon be eligible for a new payment of up to 10 cents per kg of milksolids
     15 Jun: Dairy farmers aren't overly optimistic that a wide ranging milk payout will be narrowed
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