Dairy prices fall

Dairy commodity prices fell at Fonterra's overnight online auction, with the GlobalDairyTrade trade weighted index dropping 6.7 percent, on top of a 2.6 percent fall at the previous event in mid-June.

The average winning price at the latest event, overnight, was $US4017 ($NZ4864), down from $US4324 previously.

The trade weighted price for anhydrous milk fat fell 1.4 percent with the average winning price at $US5278, skim milk powder fell 7.2 percent with the average winning price at $US3704, while whole milk powder dropped 6.8 percent with the price at $US3638.

BNZ currency strategist Mike Burrowes said the result was not completely unexpected given recent falls in other soft commodity prices, while global dairy prices remained 17.5 percent higher than this time last year.

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:

EROAD Appoints New Director Progressing Board Renewal
OCA delivered record full year result
BLT - Strong revenue and underlying earnings growth
MFB - Food Bag reports full year profitability up 5.3%
TWR - Tower reports strong HY earnings
IPL - FY26 Annual Results
May 21st Morning Report
May 20th Morning Report
May 19th Morning Report
PYS - PaySauce to announce F26 full year results on 27 May 2026