04-01-2013 09:20 AM | New Zealand

Global dairy prices bounce back

The price of dairy products rose 2 per cent in the first GlobalDairyTrade auction of the year, recovering losses through the tail-end of last year.

The average winning trade-weighted price increased to US$3357 ($4027) per metric tonne from US$3311/tonne at the December 19 sale. The gains were led by a 4.7 per cent boost in skim milk prices to US$3572 per tonne.
Full Story : New Zealand Herald