Wednesday, 08 January 2020 08:43

Dairy prices up

Written by  Staff Reporters

After a sharp decline last month, dairy prices rose 2.8% overall in the first auction of 2020.

The flagship product, whole milk powder rose 1.7%.

Westpac head of NZ strategy, Imre Speizer says the WMP rise was in line with futures market predictions.

Key Results

AMF index up 2.3%, average price US$4,929/MT

Butter index up 3.7%, average price US$4,029/MT

BMP index up 7.4%, average price US$3,040/MT

Ched index up 3.7%, average price US$4,015/MT

LAC index up 2.1%, average price US$798/MT

RenCas index up 8.6%, average price US$8,973/MT

SMP index up 5.4%, average price US$3,026/MT

SWP index not available, average price not available

WMP index up 1.7%, average price US$3,150/MT

Featured

Open Country opens butter plant

When American retail giant Cosco came to audit Open Country Dairy’s new butter plant at the Waharoa site and give the green light to supply their American stores, they allowed themselves a week for the exercise.

National

Machinery & Products

» Latest Print Issues Online

Milking It

Trump's tariffs

President Donald Trump’s decision to impose tariffs on imports into the US is doing good things for global trade, according…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter