After several auctions of marginal difference, price movement on Fonterra’s globalDairyTrade platform has finally ground to a halt.

The average price across all products was up slightly to US$3542 per tonne, but this translated to no movement on the trade weighted index.

Anhydrous Milk Fat was the only product to make gains, jumping 4.5 per cent on a fortnight ago.

Skim Milk Powder and Butter Milk Powder fell slightly, while Whole Milk Powder was steady at US$3495 per tonne.

Federated Farmers Dairy Chair Lachlan McKenzie says a steady result at peak seasonal production is always good news.

“Prices are still very high, and still firm, which is excellent news.

"Even better when you take into account that everyone knows we’re almost at the peak of our production.

"You would expect the market to say ‘hey New Zealand’s churning out milk flat out at the moment, and we’ll be able to squeeze the price down a little bit.‘

"But that’s not happening.”