19 Dec 2018

Back to back rise for dairy prices

6:45 am on 19 December 2018

Dairy prices have risen for a second consecutive global trade auction.

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Dairy prices have risen for a second consecutive global auction. Photo: RNZ/Susan Murray

The average price rose 1.7 percent to $US2844 a tonne in the latest auction.

It follows a 2.2 percent rise in the previous auction two weeks ago and is the first time in six months there have been back to back rises.

The price for whole milk powder, which has a key influence on farmer payouts, was fractionally higher at $US2674 a tonne.

Prices for most other products offered rose with solid rises for butter, cheese, and skim milk powder.

The amount sold was slightly lower which may have helped to lift prices.