20 Jun 2012

Dairy prices fall slightly in latest Fonterra auction

1:59 pm on 20 June 2012

Dairy prices have fallen slightly at Fonterra's online auction.

The dairy cooperative's Global Dairy Trade-Weighted Price Index on Wednesday fell 0.5% to an average selling price of $US3,042 a metric tonne.

Whole milk powder rose 2.7%, buttermilk powder rose 2.5%, skim milk powder fell 4.8% cheddar fell 3.7%.

Two weeks ago the index surged by 13.5% compared with the previous month, the largest rise since September 2010.