Dairy prices stable

Dairy commodity prices remained stable at Fonterra's overnight online auction, with the globalDairyTrade trade weighted index edging down 0.1%.

That followed a similarly small 0.1% rise at the previous event a fortnight ago, after declines of 2.4% earlier in April and 8.2% in mid-March.

The average winning price overnight was US$4367 (NZ$5470), compared to US$4293 a fortnight ago.

The trade weighted price for anhydrous milk fat fell 4.6% with the average winning price at US$5670, skim milk powder was up 2.8% with an average price of US$3909, and whole milk powder was down 1.7% with an average price of US$3859.

NZPA

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