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Home International Customs New Zealand

Dairy prices reach highest level in months at auction

byadmin
19/05/2018
in New Zealand
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Dairy prices have risen to their highest level in eight months in the latest global auction overnight.

The average price was up 1.9 percent to $US3637 ($NZ5301) a tonne, compared with a 1 percent fall in the previous auction two weeks ago.

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The price of whole milk powder, a key factor in setting returns to local farmers, was marginally higher at $US3226 a tonne.

There were strong lifts for skin milk powder, butter, and cheese.

The volumes sold were down about 7 percent.

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Grant Biggar
Fin-Tech & Fin-Services Investing and Advising US, UK, NZ & Aus
Greater New York City Area 
Picture supplied via LinkedIn
https://www.linkedin.com/in/grant-biggar-8434201/

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