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29 May 2022 8:33
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  •   Home > News > Business

    A pleasant surprise for Fonterra at how much dairy prices have risen at the latest Global Dairy Trade auction

    A pleasant surprise for Fonterra at how much dairy prices have risen at the latest Global Dairy Trade auction


    Overall prices are up 4.6 percent.

    The all-important Whole Milk Powder price is up 5.6 percent, with skim milk powder not far behind.

    Fonterra CEO, Miles Hurrell, says the size of the increase took him by surprise, but shows the international market's aware of the dry conditions in New Zealand.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     27 May: Chemicals maker DGL has announced it will delist from the NZX next month ... and retain a sole listing on the Australian Stock Exchange
     27 May: Dairy owners say six million dollars to stop ram raids is too little too late
     27 May: Disagreement between National and the construction industry, over the pressures facing the industry
     27 May: A Wellington City Councillor says it's impossible to say no to the 37-million dollars more needed to strengthen the town hall
     26 May: Hopes new measures will prevent ramraids
     26 May: Fonterra's fired its opening shot for the 2022/23 season
     26 May: The Reserve Bank believes we are there or there-abouts when it comes to peak inflation
     Top Stories

    RUGBY RUGBY
    The All Blacks Sevens have cruised into the Cup quarter-finals at the World Series leg in London More...


    BUSINESS BUSINESS
    Chemicals maker DGL has announced it will delist from the NZX next month ... and retain a sole listing on the Australian Stock Exchange More...



     Today's News

    Soccer:
    There's been more than half an hour's delay to the start of the Champions League football final in Paris... due to fan congestion at the gates 8:10

    Entertainment:
    $100 million 8:09

    Rugby:
    The All Blacks Sevens have cruised into the Cup quarter-finals at the World Series leg in London 8:00

    International:
    In Finland, memories of a bitter war with Moscow never faded. Some fear history will repeat itself 8:00

    Environment:
    A firefighter says a local truck being offline had an impact on a fire in Parnell 7:50

    Rugby League:
    The Warriors are kicking themselves after crumbling to a 24-16 loss to the Newcastle Knights... their fourth straight NRL defeat 7:40

    Motorsports:
    Charles Leclerc has taken pole position at his home Grand Prix in Monaco - his fifth in seven races 7:40

    Entertainment:
    Austin Butler says he put his "life on pause for two years" to prepare to play Elvis Presley 7:39

    International:
    Players waiting in the wings to bolster female AFLW coaching ranks 7:30

    Tennis:
    Russian ace Daniil Medvedev is into the last 16 at the French Open after beating Serb Miomir Kecmanovic in straight sets 7:30


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