World dairy prices 39% higher than last yearStaff Writer | April 19, 2017
World dairy prices increased again overnight - and now sit 39 percent higher than the same time last year.
Global trade Skim milk powder reversed the trend
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. ■