Prices of dairy products sold on Fonterra Co-operative Group's GlobalDairyTrade platform have risen, clawing back most of the losses from the previous two auctions.
The GDT-TWI Price Index increased 1.5 per cent from the last sale a fortnight ago. The average winning price across all products rose to $US3,701 ($NZ4,664) per metric tonne from $US3,654 ($NZ4,605) at the January 3 sale.
The price of whole milk powder was unchanged at $US3,652 ($NZ4,602). Whole milk powder typically accounts for more than half the product sold on the platform.
The dairy exporter sold 31,026 metric tonnes of product at the auction, for a total price of $US114.8 million ($NZ144.7 million). That's the smallest volume sold at an auction since July 19, though still up by almost a third from a year ago.
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