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World dairy prices 39% higher than last year

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Staff Writer | April 19, 2017
World dairy prices
Global trade   Skim milk powder reversed the trend

World dairy prices increased again overnight - and now sit 39 percent higher than the same time last year.

Prices increased 3.1 percent to take the average price to $3139 a tonne compared with $2263/tonne at the same time last year.

Skim milk powder reversed the trend of most of the year with a 7.1 percent increase to $2044 - the first increase in this commodity since early February.

Cheddar also bounced back - up 6.0 percent - reversing a trend of drops since January.

The key commodity for the New Zealand based auction - whole milk powder - also rose, up 3.5 percent to $2998 - 39 percent higher than the same time last year.

There were an increased number of buyers taking part in the auction - with the number of winning bidders rising from about 113 since to beginning of the year to 130.

The only commodity groups to record a fall were anhydrous milk fat, down 0.5 percent to $5930/tonne and rennet casein down 3.8 percent to $6020/tonne.


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