17 Jan 2013

Dairy auction prices up 1.1%

8:25 am on 17 January 2013

World dairy prices rose 1.1% in Fonterra's latest fortnightly global dairy auction on Wednesday.

The average winning price was $US3442 per metric tonne.

Whole milk powder rose 2.8% to $US3288, while anhydrous fat rose 2.4% to $US3253 and rennet casein rose 0.8% to $US8479.

Skim milk powder fell 0.3% to $US3552, butter milk powder fell 6.5% to $US3405 and milk protein concentrate dropped 2% to $US5995.