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Dairy prices rise for third time

NZ Newswire logoNZ Newswire 18/04/2017
Dairy product prices rise again © Corbis Dairy product prices rise again

Dairy prices have risen for the third successive time at Fonterra's fortnightly GlobalDairyTrade auction.

The GDT price index was up 3.1 per cent and the average price to $US3139 ($NZ4461) per metric tonne on Wednesday morning (NZT).

The important whole milk powder price was up 3.5 per cent to $US2998 per tonne.

The rise follows increases of 1.7 and 1.6 per cent at previous auctions but was below a tipped 5 per cent rise.

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