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23 May 2022 18:08
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  •   Home > News > Business

    A pleasant surprise for Fonterra at how much dairy prices have risen at the latest Global Dairy Trade auction

    A pleasant surprise for Fonterra at how much dairy prices have risen at the latest Global Dairy Trade auction


    Overall prices are up 4.6 percent.

    The all-important Whole Milk Powder price is up 5.6 percent, with skim milk powder not far behind.

    Fonterra CEO, Miles Hurrell, says the size of the increase took him by surprise, but shows the international market's aware of the dry conditions in New Zealand.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     23 May: A better picture of Ikea's inaugural New Zealand store at Sylvia Park
     23 May: A huge result for one of the largest sharemarket listed landlords on the NZX
     23 May: The resale value of residential real estate... is slightly weakening
     23 May: The residential property downturn's effects are beginning to snowball
     23 May: Nearly 245-thousand dollars is to be forfeited to the Crown ... after an investigation into the drug-related business dealings of Daren Standen
     23 May: Direct flights between Queenstown and Australia are set to resume today
     22 May: Council of Trade Unions economist Craig Renney says the cost-of-living payment announced in the Budget targets the right people at the right time
     Top Stories

    RUGBY RUGBY
    Highlanders coach Tony Brown puts his side's 32-20 Super Rugby Pacific loss to the Waratahs in Dunedin down to poor preparation More...


    BUSINESS BUSINESS
    A better picture of Ikea's inaugural New Zealand store at Sylvia Park More...



     Today's News

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    Rugby League:
    As Warriors playmaker Chanel Harris-Tavita reveals he's taking a break and leaving rugby league... the New Zealand club's moved swiftly to replace another departing player 17:30

    International:
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    Entertainment:
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    Golf:
    Justin Thomas has staged a record-equalling final round comeback to win the PGA Championship for the second time 17:00

    Tennis:
    Tennis greats Novak Djokovic and Rafael Nadal begin their French Open campaigns in Paris tonight 17:00

    Law and Order:
    A 200-thousand dollar fine for an egg company whose worker's thumb was severed in 2020 16:50

    Entertainment:
    Prince Charles believes the "pain and suffering" of Canada's indigenous people must be understood 16:39

    Rugby League:
    At the age of just 23, Warriors playmaker Chanel Harris-Tavita is taking a break from the NRL 16:20

    Basketball:
    The Golden State Warriors appear headed to the NBA finals 16:20


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