17 Apr 2019

Dairy prices: 10th straight rise as volumes fall more than 9 percent

7:43 am on 17 April 2019

Dairy prices have again risen slightly in the latest global auction keeping prices at close to a two-year high.

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Dairy cows. (file photo) Photo: RNZ/Cosmo Kentish-Barnes

The average price was up 0.5 percent to $US3447 a tonne, the 10th consecutive price gain which followed a nearly 1 percent rise in the previous auction.

Volumes fell nearly 9.5 percent on the last auction.

Dairy prices have been rising since late November when they hit a two-year low because of an oversupply on world markets.

The price for whole milk powder, which has a key influence on farmer payouts, fell by 0.7 percent to $US3269 a tonne.

Prices for butter, anhydrous milk fat and cheddar rose, while lactose fell.

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