Dairy prices up

Written by Staff Reporters

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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

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