Prices up at first Global Dairy Auction of year




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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