Whole milk powder prices up

Whole milk powder prices up

Whole milk powder prices have risen at the overnight GlobalDairyTrade auction.

New Zealand's major dairy export product rose 1.9 percent, to an average price of US$2,079 per tonne.

The rise in price follows what had been four consecutive falls at the GDT auctions.

Whole milk powder was trading at an average price of US$1,952 at the start of the year.

The GDT Price Index was unchanged, with an average price of US$2,336.

Butter fell by 5 percent to US$2,687.

Butter milk powder slipped by 0.5 percent to US$1,565.

Cheddar lost 1.1 percent, trading at an average price of US$2,886.

Skim milk powder was also down, by 1.1 percent to US$1,927.

Lactose fell 4 percent to US$721.

Newshub.

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