Dairy prices fall at Fonterra auction

Dairy commodity prices fell at Fonterra's overnight online auction, with the GlobalDairyTrade trade weight index falling 2.6%, after a 4.5% rise at the previous event a fortnight ago.

The average winning price at the latest event, overnight, was US$4324 (NZ$5361), up from US$4306 at the beginning of June.

The trade weighted price for anhydrous milk fat fell 5.9% with the average winning price at US$5346, skim milk powder fell 7.1% with the average winning price at US$3994, while whole milk powder rose 2.6% with the price at US$3888.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

SkyCity Appoints Chief Financial Officer
February 13th Morning Report
February 12th Morning Report
NZME 2025 Full Year Results Release Date
Turners Institutional Investor Day
February 10th Morning Report
PEB - Medicare Contractor Novitas Schedules Expert Panel
NZK Enters Into Wellboat Lease Agreement
Fonterra announces Mainland Group leadership change
OCA - Oceania announces Director changes as part of Board refresh