Slight rise in Fonterra dairy auction price

LAURA WALTERS
Last updated 07:27 20/11/2013

Relevant offers

Dairy

Chinese company Oceania Dairy spends $400m in stage two of a high value milk factory Cambridge sheep and beef farmers named Waikato's top environmental farmers Our messed-up relationship with food has a long history. It started with butter. Indian migrant Navdeep Kumar proves his worth on New Zealand dairy farms Pattrick Smellie: Facing up to the future for dairying Slow and steady the best mix for commodity and value added dairy prices Fonterra ready to roll out nationwide testing for palm kernel Fonterra half-year profit rises 2 per cent to $418m, price to farmers holds at $6 Bobby calves provide funding by Affco scheme for schools and fire brigades Farmer views contrast with environmentalists on OECD report about NZ's environmental performance

Dairy commodity prices have experienced a slight rise in the fortnightly Fonterra auction after two consecutive drops.

The GlobalDairyTrade's trade-weighted price index overnight rose 0.1 per cent compared with the last sale.

The average winning price was up to US$4805 ($5750) a tonne from US$4797 a tonne.

Maximum supply, the measure of how much product Fonterra has for sale, rose to 54,416 tonnes from 51,874 tonnes, with a total of 52,297 sold.

Dairy commodity prices are nearly 50 per cent higher than a year ago.

In the latest auction four of the nine product categories rose, with one not traded and no change to the price of whole milk powder, the biggest category by volume.

Cheddar rose by 4.5 per cent.

Butter was up 1.7 per cent.

Rennet casein led the decliners, down 5.4 per cent, with anhydrous milk fat down 1.6 per cent.

In last night's auction 206 bidders took part, with 147 winning bidders, and 826 qualified to bid.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content