The international dairy trade has started 2015 on a positive note with this morning's GlobalDairyTrade price index gaining 3.6 per cent since the last auction in mid-December.
The average winning price was US$2709 a tonne, up from US$2609 a tonne at the last auction, and prices were up across the board.
See more details of today's auction here:
Whole milk powder prices - the most important product for New Zealand dairy producers and the key determinant of Fonterra's farmgate milk price - rose by a modest 1.6 per cent to US$2307 a tonne while other product groups put on bigger gains.
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