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Dairy prices rise for third time

Dairy product prices rose at the Global Dairy Trade auction, rising for the third time in a row and offering a boost to sentiment.

The GDT price index gained 3.1 per cent from the previous auction two weeks ago to US$3,139. Some 22,927 tonnes of product was sold, up from 22,642 at the previous auction.

Whole milk powder (WMP) climbed 3.5 per cent to US$2,998 a tonne.

Skim milk powder (SMP) jumped 7.1 per cent to US$2,044 a tonne.

Cheddar rallied 6 percent to US$3,462 a tonne, butter increased 2.9 per cent to US$4,892 a tonne, while lactose added 1.2 per cent to US$935 a tonne.

Meanwhile, rennet casein dropped 3.8 per cent to US$6,020 a tonne, while anhydrous milk fat slipped 0.5 per cent to US$5,930 a tonne.

Butter milk powder sold at US$1,720 a tonne.

More at NZ Herald.

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