19 Jun 2019

Dairy prices fall again to lowest in six months

6:54 am on 19 June 2019

Dairy prices have fallen for the third consecutive auction.

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Dairy prices are at their lowest in six months after a 3.8 percent fall in the average price in the latest auction Photo: RNZ / Susan Murray

The average price was down 3.8 percent to $US3208 a tonne.

It follows the previous auction's 3.4 percent drop.

Prices are now at their lowest in six months after they had risen since late November to two-year highs.

The price for whole milk powder, which has a key influence of farmer payouts, fell 4.3 percent to $US3006 a tonne.

Prices for most other products were also down. Volumes sold rose 22 percent, which was likely to have weighed on prices.

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