16 Dec 2010

Dairy prices edge up at latest Fonterra auction

10:01 am on 16 December 2010

Dairy prices have risen again in Fonterra's latest online auction.

The dairy cooperative says international whole milk prices rose 2.4% overnight on Wednesday, with the average sale price for all its products now $US3690 a tonne.

Last week Fonterra raised its forecast total payout for the current season by 30 cents because of strong international dairy prices.

It now expects to pay its farmer shareholders to between $7.15 and $7.25 per kilogram of milk solids.