3 Jan 2018

Prices rise in latest global dairy auction

8:03 am on 3 January 2018

Prices have risen in the latest global dairy auction.

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Photo: 123RF

The average price rose by 2.2 percent to $US3124 ($NZ4,397) a tonne.

That follows a fall to $US2969 at the previous fortnightly auction, the lowest average in more than a year.

The whole-milk powder price is up by 4.2 percent to $US2886 a tonne - still below the level needed for farmers to break even.

The price of butter is still hovering around $US4,500 a tonne - well back from the record high of more than $US6000 in September.