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Dairy prices have fallen to their lowest level in more than two months in the latest global auction overnight.
Dairy farmers have had some relief overnight, as prices rose by nearly five percent in the latest Global Dairy Trade auction.
Prices have risen slightly in the global dairy auction overnight, where milkfat products continue to be the star performers.
Global dairy prices have climbed at the latest auction, the third consecutive rise in a row.
Dairy product prices fell 3.2 percent at the overnight Global Dairy Trade auction.
For the first time in more than two and a half years, the key whole-milk powder price is above the average break-even point for New Zealand farmers. Audio
International dairy prices have risen in the global dairy trade auction, overnight, with the overall price index going up by two point one percent to $2,188 US. New Zealand's Special Agricultural… Audio
Fonterra might have to shift its forecast payout of $4.60 per kilo of milk solids if global dairy prices don't improve, Federated Farmers says.
Dairy farmers are hoping an agreement eliminating dairy export subsidies over the next four years will help stabilise global dairy prices.
Fonterra is under pressure to raise the milk payout to cash strapped farmers when it announces its annual results this morning but some warn the market is still too volatile. Audio
One of New Zealand's biggest lenders to farmers is predicting that most will ride out low milk prices - but only if they pick up soon. Audio