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Butter prices increase overnight

Author
Newstalk ZB,
Publish Date
Wed, 17 Apr 2019, 8:12AM
Photo / NZ Herald

Butter prices increase overnight

Author
Newstalk ZB,
Publish Date
Wed, 17 Apr 2019, 8:12AM

Dairy prices have risen for a tenth consecutive time.

Butter prices have increased 3.5 percent at Fonterra's latest Global Dairy Trade auction overnight.

That has helped push overall dairy prices up 0.5 percent.

JMI Wealth analyst Andrew Kelleher told Mike Yardley butter prices are now 52 percent higher than November last year.

He says prices aren't quite as high as they have been in recent years, but consumers could still be hit in the pocket.

"It's not quite at the highest we saw in 2017, but you might be starting seeing an increase at the supermarkets."

The crucial whole milk powder prices fell again, down 0.7 percent. 

 

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