Strong year end for dairy
Last week’s United Dairy Farmers milk auction saw prices move up to 26.98 pence per litre, having increased 0.21ppl.
It was the highest since the auction started in 1995, even surpassing prices in the commodity boom year of 2007.
United Dairy Farmers CEO David Dobbin said, “Milk prices have recovered well from the market collapse in early 2009. We hope that will continue as farmers are facing increases in feed and fertiliser prices driven by strong global commodity markets.”
Another main indicator of the dairy market, Fonterra’s monthly world commodity auction, last week recorded an average all products price increase of 4.7%, compared to November.
