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.
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.
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