Dairy prices rise with lower volumes offered by Fonterra123rf New Zealand milk production will be down 4 per cent this season, Fonterra predicts. Dairy prices have risen 2.2 per cent at the global dairy auction (GDT) overnight to reach an average price per tonne of US$3124. Fonterra revised its milk production prediction twice made in December as dry conditions started to bite. Two weeks ago prices slid 3.9 per cent against most analysts' predictions. It was the first auction since Fonterra lowered its farmgate payout forecast to $6.40 per kg/MS from $6.75..

Source: Stuff January 02, 2018 19:41 UTC