The Country
  • The Country home
  • Latest news
  • Audio & podcasts
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Rural business
  • Rural technology
  • Rural life
  • Listen on iHeart radio

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • Coast & Country News
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Horticulture
  • Animal health
  • Rural business
  • Rural technology
  • Rural life

Media

  • Podcasts
  • Video

Weather

  • Kaitaia
  • Whāngarei
  • Dargaville
  • Auckland
  • Thames
  • Tauranga
  • Hamilton
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Te Kuiti
  • Taumurunui
  • Taupō
  • Gisborne
  • New Plymouth
  • Napier
  • Hastings
  • Dannevirke
  • Whanganui
  • Palmerston North
  • Levin
  • Paraparaumu
  • Masterton
  • Wellington
  • Motueka
  • Nelson
  • Blenheim
  • Westport
  • Reefton
  • Kaikōura
  • Greymouth
  • Hokitika
  • Christchurch
  • Ashburton
  • Timaru
  • Wānaka
  • Oamaru
  • Queenstown
  • Dunedin
  • Gore
  • Invercargill

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / The Country

Positive run continues in Global Dairy Trade auctions

The Country
2 Feb, 2021 05:30 PM2 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

The dream run has continued for the dairy industry with the sixth positive Global Dairy Trade auction in a row.

Prices rose 1.8 per cent across the board in last night's event, which attracted 103 winning bidders for the 28,707MT of product on offer.

Whole Milk Powder - the biggest influencer on Fonterra's Farmgate milk price - backed up a 7.0 per cent gain in the previous event, with a further 2.3 per cent rise to an average US$3,458/MT.

Meanwhile Skim Milk Powder, the second biggest "reference" product for Fonterra, experienced the only fall - down 1.5 per cent to an average US$3,198/MT.

Results for other main commodity groups saw a range of increases, led by Butter Milk Powder with a 10.7 per cent jump to an average US$3,180/MT, while Butter shot up by 6.2 per cent to break the 5K mark, with an average US$5,028/MT.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Lactose increased by 3.8 per cent to an average US$1,217/MT, followed by lifts in Cheddar - up 2.3 per cent to an average US$4,178/MT and Anhydrous Milk Fat - up 1.3 per cent to an average US$5,463/MT.

In a market update this morning, Fonterra increased the midpoint of its forecast farmgate milk price for the 2020/21 season by 20 cents to $7.20, and lifted the bottom end of its range to between $6.90 and $7.50.

Discover more

Business

Dairy prices continue to surge at latest auction

19 Jan 05:43 PM

The Country - 'Organuary' edition

02 Feb 12:00 AM
Business

Fonterra lifts 2020/21 milk price mid-point to $7.20/kg

02 Feb 07:50 PM
Save

    Share this article

Latest from Rural business

Opinion

Opportunities in America for NZ red meat

11 Jul 05:01 PM
The Country

'Favourable conditions': Avocado industry predicts export boom

11 Jul 05:00 PM
The Country

Transforming waste into eco-friendly fruit trays

11 Jul 05:00 PM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.

Latest from Rural business

Opportunities in America for NZ red meat

Opportunities in America for NZ red meat

11 Jul 05:01 PM

OPINION: The Power of Meat study author says meat sales have started strongly this year.

'Favourable conditions': Avocado industry predicts export boom

'Favourable conditions': Avocado industry predicts export boom

11 Jul 05:00 PM
Transforming waste into eco-friendly fruit trays

Transforming waste into eco-friendly fruit trays

11 Jul 05:00 PM
A growing willingness to discuss mental health at Fieldays

A growing willingness to discuss mental health at Fieldays

11 Jul 04:59 PM
Solar bat monitors uncover secrets of Auckland’s night sky
sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP