File photo: GettySupply pressure and buying interest saw dairy prices continue their climb at the latest Global Dairy Trade auction overnight. It was the fifth consecutive auction where prices have risen since the start of the year and followed a 3.6 percent rise at the previous one. "With ongoing geopolitical tensions affecting Middle Eastern logistics and trade lanes, and in the absence of recent Algerian tenders in the region, it is notable that EMEA [Europe, the Middle East and Africa] participation strengthened rather than retreated." Alvarado said the Middle East was a "significant" and "growing" market for New Zealand - among our top three buyers. Alvarado expected prices to remain steady with continued prices increases, though possibly at lesser rates.

Source: Otago Daily Times March 04, 2026 14:21 UTC