Price of milk jumping

[MotherBear]

Price of milk to jump 18c a litre
11:51AM Friday June 01, 2007

New Zealand shoppers face a price hike of up to 18 cents for a litre of milk this month.

Driven by surging milk prices on the world commodity markets, New Zealand's dairy cooperative Fonterra announced it was raising the prices of dairy products sold to retailers by between six and 14 per cent.

Fonterra Brands managing director Peter McClure told the Dominion Post liquid milk would go up the most, with smaller increases in the prices paid for cheese, butter and yoghurt.

Fonterra owns the Anchor, Mainland and TipTop brands.

At a Wellington supermarket today, two litres of blue top milk cost between $2.47 and $3.56, depending on brands -- an average price of $3.02.

More here .

[MotherBear]