20 Mar 2019

Global prices for dairy products go up by 1.9 percent

7:56 am on 20 March 2019

Dairy prices have risen again, for the eighth consecutive time.

No caption

The average price for dairy products has risen by 1.9 percent to $NZ4846 a tonne. Photo: yadamons/123RF

At the latest global auction overnight, the average price was up by 1.9 percent to $US3324 ($NZ4846) a tonne.

Prices have steadily climbed since late November, when they hit a two-year low because of market oversupply.

The price of whole milk powder - a key influence on farmer payouts - increased by 4 percent to $US3017 ($NZ4398) a tonne.

Prices for most products rose.