Dairy product prices increased by 2.4% at today’s Global Dairy Trade auction run by Fonterra in New Zealand.
At the two previous auctions there had been drops of 3.1% and 1.1%.
Anhydrous milk fat was up 10.8%, Butter was up 10.4% while Butter Milk Powder dropped 9.5%.
176 bidders participated in the auction and the average winning bid was $2,609 (US dollars).
Prices up 2.4% at today's GDT auction run by @Fonterra
— Pat O'Keeffe (@IFJ_Pat) December 16, 2014
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