News

Global Dairy Products up 1.1%

The bi-weekly global dairy products auction at Fonterra saw a 1.1 percent increase in average prices. Whole milk powder was the only product with a lower price down 2.5 percent from the previous sale. Milk protein concentrate increased 0.5 percent, lactose was 1 percent higher, cheddar increased 2.5 percent, skim milk powder was 3.9 percent higher, anhydrous milk fat increased 5.3 percent, butter milk powder increased 7.3 percent and rennet casein jumped 9 percent.

Prices at the Global Dairy Products auction have increased five of the last six sales.