Prices have risen slightly in the latest global dairy auction.
Dairy prices have edged up for the first time since July. Photo: 123RF
The average price rose by 0.3 percent to $US3323 a tonne.
The price of whole milk powder - one of New Zealand's largest exports - fell by 1.6 percent to $US3100 a tonne.
Butter rose by 3.8 percent and is now back up to $US5954 a tonne.
As butter increases in price, Fonterra is shifting more milk into its production and away from anhydrous milk fat.
Total volume sold was up by 3.8 percent.
The price rise is the first since July - with small falls in the two auctions last month - but overall prics have been steady for the past few months.