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Global prices for dairy products go up by 1.9 percent


Dairy prices have risen again, for the eighth consecutive time.

At the latest global auction overnight, the average price was up by 1.9 percent to $US3324 ($NZ4846) a tonne.

Prices have steadily climbed since late November, when they hit a two-year low because of market oversupply.

The price of whole milk powder – a key influence on farmer payouts – increased by 4 percent to $US3017 ($NZ4398) a tonne.

Prices for most products rose.

 

Source: Radio NZ


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