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International dairy prices up by 2.7% on average

July 18, 2019 8:46 am
Photo: RNZ / Rebekah Parsons-King

International dairy prices have risen for the first time in two months.

At the latest global auction overnight, the average price was up by 2.7 percent to $US3412 a tonne.

The price for whole milk powder, which has a key influence on farmer payouts, rose by 3.6 percent to $3074 a tonne.

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Prices for other products were generally stronger, with gains for butter, cheese, and skim milk powder.

The volumes sold rose by more than 1 percent to 25,000 tonnes.

 

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