[6 December/ Otago Daily Times]

The Global Dairy Trade price index increased by 0.4 percent to USD 3,091 at the most recent auction. The price of whole milk powder, which had a major influence on the price New Zealand farmers received, increased by 1.7 percent to USD 2,830 per tonne. AgriHQ Dairy Analyst, Amy Castleton said buyers may have been concerned about the dry conditions in New Zealand, with contracts for shipping in March and April showing the greatest support. Ms Castleton explained that New Zealand milk production had coped with the adverse weather conditions to date, but continuing dry conditions were likely to affect milk production through the summer months.