2 Aug 2017

Whole-milk powder price rises at dairy auction

6:48 am on 2 August 2017

Prices have fallen in the global dairy auction overnight.

Dairy cow close up generic

Photo: 123rf.com

The average price fell 1.6 percent to $US3343 a tonne.

It followed a small 0.2 percent rise at the previous auction.

The important whole-milk powder price lifted by 1.3 percent to $3155 a tonne.

Last week Fonterra lifted its forecast milk price for this season to $6.75 per kilogram of milk solids, comfortably over the $5 that most farmers need to cover costs.