7 Nov 2012

World dairy prices up

12:36 pm on 7 November 2012

World dairy prices have risen by more than 1% in the latest fortnightly auction.

Fonterra's global dairy trade index shows that the average winning price was $US3387.

Whole milk powder is the only segment that declined, falling 2.5%, while anhydrous milk, butter milk powder and rennet casein rose sharply.

BNZ economist Doug Steel expects dairy prices to remain positive over the next year.