Business

Dairy prices fall again

Dairy prices have fallen for second consecutive time in the global auction.

In the sale the average price was down 3.4 percent at $US3423 a tonne.

It follows the previous auction's 1.2 percent drop, which was the first fall in six months.

Dairy prices had been sitting at two-year highs after posting consistent rises since late November.

The price for whole milk powder, which has a key influence of farmer payouts, fell 1.5 percent to $3138 a tonne.

Prices for all but two other products were down with cheddar and butter seeing sizeable falls. Volumes sold were higher.

Newsroom is powered by the generosity of readers like you, who support our mission to produce fearless, independent and provocative journalism.

Become a Supporter

Comments

Newsroom does not allow comments directly on this website. We invite all readers who wish to discuss a story or leave a comment to visit us on Twitter or Facebook. We also welcome your news tips and feedback via email: contact@newsroom.co.nz. Thank you.

PARTNERS