Dairy prices rise for third time

Author
NZN,
Section
Business,
Publish Date
Wednesday, 19 April 2017, 6:13AM
The Global Dairy Trade Index is up another 3.1 percent in the latest auction overnight (Getty Images)
The Global Dairy Trade Index is up another 3.1 percent in the latest auction overnight (Getty Images)

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.

ON AIR: Mike Hosking Breakfast

6AM - 8:30AM