20 Apr 2011

Global dairy prices up slightly

1:09 pm on 20 April 2011

Dairy prices have risen slightly in Fonterra's latest on-line global auction.

Prices for all products rose 0.1% to $US4293 per tonne on Wednesday morning.

About 12,00 tonnes of product was sold.

Prices fell in the last two Fonterra auctions, which are held fortnightly.

Prices for whole milk powder rose 0.8%, while prices for skim milk powder fell 0.6% and anhydrous milk fat dropped 0.8%.

Dairy prices have risen by 9.9% so far this year.