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29 May 2020 23:26
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  •   Home > News > Rural

    Dairy prices have risen at the first global auction for the year

    Dairy prices have risen at the first global auction for the year


    Commodity prices lifted by 2.8 percent, partly offsetting a sharp fall at the last auction, which saw a decline of 5.1 percent.

    Among the key products on sale, whole milk powder prices rose by 1.7 percent.

    Rural Economist Nathan Penny says it's a good start to the year for farmers.

    He says skim milk powder also lifted by more than five percent bringing them almost in line with whole milk prices which hasn't happened for some years.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     29 May: Fonterra says its China dairy import volumes climbed 10.1 per cent in March after two consecutive months of declines
     21 May: Fonterra continues to strengthen its balance sheet
     21 May: Fonterra is on course to inject 11 billion dollars into the economy this year
     05 May: People made redundant from Covid 19 are the target of farmers with jobs to fill on dairy farms
     24 Apr: Dairy giant Fonterra is persisting with its fifteen to twenty cents share forecast in spite of Covid 19's impact on milk trading
     14 Apr: Dairy farmers are facing a dismal milk 5 dollars 60 a kilogram payout forecast next season - because of the coronavirus crisis
     28 Mar: During the coronavirus lockdown many farmers are still struggling with Mycoplasma bovis
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