Milk price up 5.7%

The price for wholemilk went up 5.7%  to US$3,022 per tonnein this morning’s globalDairyTrade (gDT) auction.

Fonterra chairman Henry Van der Heyden, says the lift shows an expected firming in pricing as the market rebalances.

He also says that overall production is up around 2% on last year. The North Island is up slightly and the South Island’s up nearly 8% to date.

The South Island increase reflects more conversions rather than more per farm, I think.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: