2 Feb 2012

Dairy auction prices down

10:17 am on 2 February 2012

Dairy prices edged down at Fonterra's latest online auction.

The global dairy trade price index declined 0.9% to an average selling price of $US3666 US dollars per metric tonne overnight on Wednesday.

Prices fell across the board, led by milk protein concentrate.

In December, Fonterra lifted its forecast payout to between $6.90 - $7 per kg of milk solids for the current season, citing a modest improvement in auction dairy product prices.