Fats remain under pressure and cheese faces a heavy supply burden.
Home / The CountryRNZ2 Sep, 2026 07:37 PM2 mins to readDemand for protein is helping keep dairy prices up. RNZ / Alexander RobertsonDemand for protein is helping keep dairy prices up. RNZ / Alexander RobertsonBy RNZ Digital reportersDemand for proteins is helping milk prices hold steady.The average price rose almost 0.1% at the Global Dairy Trade auction this week to US$3910 ($6639). It followed a 2.3% rise at the auction two weeks ago.
In a note, New
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Whole milk powder, which influences dairy farmer payouts in NZ, fell 2.2%.
OPINION: New Zealand milk output rose 3.7% in the year to April, NZX data show.
Dairy prices rose modestly at the latest auction.
Higher dairy costs, led by 2L milk, drove May's 1.0% rise in food prices.
Prices appear to have stabilised at the Global Dairy Trade auction, stopping the previous slide.
GLP-1 weight-loss drugs are driving a global shift towards protein-rich food.
