15-07-2025
GDT: Dairy prices up 1.1%, cheddar drops 5.6% in latest event
Global Dairy Trade prices have rebounded 1.1% after four consecutive declines. Photo / Duncan Brown
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Global Dairy Trade prices have rebounded 1.1% after four consecutive declines. Photo / Duncan Brown
Prices are up in the latest Global Dairy Trade auction, held overnight, with a 1.1% increase across the board.
While it is a slight rise, it is welcome news after a 4.1% drop at the previous event two weeks ago, which was the largest decline this calendar year.
It also breaks a negative streak of four consecutive price drops.
Whole milk powder, which has the biggest impact on Fonterra's farmgate milk price, lifted 1.7% to an average of US$3928/MT.
At the last event, it plunged 5.1%.
