Prices up at first Global Dairy Auction of year

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Source:

NZN

Prices at Fonterra's GlobalDairyTrade auction have risen at the first sale of the year.

Farms are being sold and farmers are going bankrupt as dairy industry hits a hole.

Source: Seven Sharp

The GDT price index was up 2.2 per cent and the average price to $US3124 ($NZ4374) per tonne this morning.

The important whole milk powder price rose 4.2 per cent to $US2886 per tonne. Butter was up 0.6 per cent and skim milk powder 1.6 per cent.

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