Dairy prices slip at Fonterra auction

Dairy commodity prices slipped at Fonterra's overnight online auction, with the GlobalDairyTrade trade weighted index falling 1.1%.

Despite the fall in the index, the average winning price at the overnight event rose to US$4443 (NZ$5670) from US$4367 a fortnight ago.

The trade weighted price for anhydrous milk fat fell 5.8% with the average winning price at US$5340, skim milk powder fell 1.5% with the average price at US$3824, while whole milk powder edged up 0.1% with the price of US$3863.

BNZ strategist Kymberly Martin said the result showed continued consolidation at elevated levels, and left dairy prices 16% higher than at the end of last year.

"The price for NZ's main commodity appears to be holding up better than broad global commodity prices."

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:

SKO - Leadership Update
June 8th Morning Report
RBNZ announces decision on use of the word "bank"
June 2nd Morning Report
IKE - FY26 Financial Results
Chorus submits 2025 fibre regulatory report
SPG - FY26 Annual Results
PYS - PaySauce FY26 Full Year Result and Annual Report
IFT - Infratil Full Year Results for the year ended 31 March 2026
May 27th Morning Report