Dairy prices lift again despite mixed result at latest auction

NZ is now past peak milk production for the season. (Image: Supplied)

Wed, 04 Dec 2024

Global dairy prices have continued to notch up despite a mixed result at the latest auction.Another lift for whole milk powder (WMP) as well as a jump in lactose prices drove the Global Dairy Trade Index up 1.2% to US$4,193 (NZ$7,120) a metric tonne in the overnight auction. It is the third consecutive auction where prices have lifted as customers, particularly in China, stockpile for Christmas and Chinese Lunar New Year.WMP prices – which have the biggest influence on farmgate prices and make up half of the auction by volume &n...

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