For
whole milk powder prices for January increased to $ 3801 from $ 3550 per tonne.
Average dairy prices rose 3.6 percent to US$ 2,419 a tonne at last night's fortnightly auction, while
whole milk powder prices increased 5.3 percent to US$ 2,260 a tonne.
Although they remain weak overall,
whole milk powder prices have shown modest but steady improvement since February, primarily due to improved import demand from China.
Whole milk powder prices plunged 13.1 per cent in the GlobalDairyTrade auction last week to $ US1848 a tonne, the lowest since July 2009.
At the same time,
whole milk powder prices have dived from $ US4999 ($ 6957) to $ US1856 a tonne, while skim milk powder has plunged from $ US4780 to $ US1521 a tonne, according to Global Dairy Trade figures.
Not exact matches
The
price of
whole milk powder, New Zealand's key commodity export, may rise for the fourth straight auction on the GlobalDairyTrade platform next week on the expectation future European
milk production will be crimped by environmental curbs.
[The
price of] commodity dairy ingredients namely skim
milk powder and
whole milk powder... is at historic lows and is looking like staying there for a while because of the change in buying patterns in China and the embargo in Russia.
The FAO Dairy
Price Index takes into account butter, skimmed milk powder, whole milk powder, cheese, and casein price quotat
Price Index takes into account butter, skimmed
milk powder,
whole milk powder, cheese, and casein
price quotat
price quotations.
Since last September,
prices at the GlobalDairyTrade auction for
whole milk powder have fallen 12 per cent, and skim
milk powder prices are down 8 per cent.