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Dip in global dairy prices

NZ Newswire logoNZ Newswire 4/10/2016

Prices have fallen by 3 per cent at the latest GlobalDairyTrade auction arresting a series of recent rises.

The decline is the first in five auctions with an average price of $US2880 per tonne.

Whole milk powder fell 3.8 per cent and there were also falls in skim milk powder, lactose, anhydrous milk fat, rennet casein, butter and cheddar. Only butter milk powder rose - gaining 9.3 per cent.

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