You are using an older browser version. Please use a supported version for the best MSN experience.

Biggest drop in dairy prices in 18 months

Radio New Zealand logo Radio New Zealand 3/07/2018

Dairy prices have fallen to their lowest level since the start of the year in the latest global auction.

The average price was down 5 percent to $US3232 a tonne.

It was the third consecutive price fall and the biggest drop in nearly 18 months.

The price of whole milk powder, a key factor in setting returns to local farmers, fell 7.3 percent to $US2905 a tonne.

The volumes sold rose nearly 23 percent as the new dairy season got underway.

There were mixed results for the products offered, with falls for most milk powders, butter and cheese.

More From Radio New Zealand

Radio New Zealand
Radio New Zealand
image beaconimage beaconimage beacon