6 Oct 2010

Dairy prices dip in latest Fonterra auction

1:34 pm on 6 October 2010

Dairy prices have edged down in Fonterra's latest online fortnightly auction.

The world's biggest dairy exporter says the average selling price for all products fell 1.3% to $US3591 a tonne, while whole milk powder fell 2.1%.

Last month, Fonterra lifted the forecast milk payout by 10 cents to between $7 and $7.10 a kilogram of milk solids.

The co-operative says demand, particularly from Asia, should remain robust.